Gold miners fall as bullion edges lower in volatile market

Greenfern Industries

05/08/2024 15:29

(Updates)
    ** Shares of gold miners fall, tracking prices of the
bullion  GOL/ 
    ** Spot gold  XAU=  down 2.2% at $2,389.88/ounce, as
investors liquidated positions in tandem with a broader equities
selloff, though analysts said bullion's safe-haven appeal
remains strong as U.S. recession fears mount
    ** Top miners Newmont  NEM.N  and Barrick Gold  ABX.TO  fall
4.6% and 1.9%, respectively
    ** U.S.-listed shares of South African miners Sibanye
Stillwater  SSWJ.J   SBSW.N , Gold Fields  GFIJ.J   GFI.N , and
Harmony Gold  HARJ.J   HMY.N  fall between 2.6% and 3.8%, while
Anglogold Ashanti  AU.N  drops 5.3%
    ** Canadian miners Agnico Eagle Mines  AEM.TO  and
Franco-Nevada  FNV.TO  fall 1.4% and 1.7%, respectively; Kinross
Gold  K.TO  slides 4.5%

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))