Gold miners: Down as bullion slips on strong dollar, rising yields

Goldmoney (BC)

08/01/2021 11:04

** U.S.-listed shares of gold miners fall tracking bullion
prices, weighed down by a stronger dollar and  higher U.S.
Treasury yields  urn:newsml:reuters.com:*:nL4N2JJ2CZ
    ** Democrats' control of the U.S. Senate has fuelled hopes
of large stimulus measures, underpinning gold's appeal as an
inflation hedge  urn:newsml:reuters.com:*:nL1N2JH1O3
    ** Spot gold  XAU=  was down 1.1% at $1,892.11 per ounce 
    ** Top miner Newmont Corp  NEM.N  down ~1.69%, while
U.S.-listed shares of Barrick Gold Corp  ABX.TO ,  GOLD.N  drop
2.14%
    ** U.S.-listed shares of Yamana Gold  AUY.N   YRI.TO ,
Kirkland Lake Gold Ltd  KL.N   KL.TO , AngloGold Ashanti  AU.N 
 ANGJ.J , Sibanye Stillwater Ltd  SBSW.N   SSWJ.J  and Harmony
Gold  HMY.N   HARJ.J  down between 2.04% and 2.72%

 (Reporting by Rithika Krishna)
 ((Rithika.Krishna@thomsonreuters.com;))