Gold miners rise on rate cut bets

Franco-Nevada

03/07/2024 16:18

** Gold miners gain, tracking a rise in prices of the yellow
metal
    ** Spot gold  XAU=  up 1.4% at $2,362.25 per ounce, driven
by increased bets for a September interest rate cut by the
Federal Reserve after recent U.S. data suggested that the labor
market was softening  GOL/   
    ** Top gold miners Newmont  NEM.N  and Barrick Gold  ABX.TO 
up 4.2% and 3.6%, respectively 
    ** U.S.-listed shares of South African miners AngloGold
Ashanti  AU.N , Gold Fields  GFI.N , Harmony Gold  HMY.N  and
Sibanye Stillwater  SBSW.N  up between 2.4% and 8.9%
    ** Canadian miners Franco-Nevada  FNV.TO , Agnico Eagle
 AEM.TO  and Kinross Gold  K.TO  rise between 2.9% and 3.6%
    

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))