Gold miners rise on weaker-than-expected US jobs data

Franco-Nevada

06/06/2024 16:46

** Gold miners climb, tracking a rise in prices of the
precious metal
    ** Spot gold  XAU=  up 0.9% at $2,376.15/ounce, while U.S.
gold futures  GCv1  rise 0.8% to $2,394.20/ounce as
weaker-than-expected U.S. jobs data fanned hopes of a Federal
Reserve interest rate cut later this year  GOL/ 
    ** Top gold miners Newmont  NEM.N  and Barrick Gold  ABX.TO 
climb 1% and 1.7%, respectively
    ** U.S.-listed shares of South African miners Gold Fields
 GFIJ.J ,  GFI.N , Harmony Gold  HARJ.J ,  HMY.N , AngloGold
Ashanti  ANGJ.J ,  AU.N  and Sibanye Stillwater  SSWJ.J ,
 SBSW.N  up between 1.5% and 2.7%
    ** Canadian miners Agnico Eagle Mines  AEM.TO  and Kinross
Gold  K.TO  climb 2.5% and 0.7%, respectively

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))