Gold miners rise as hopes for US Fed rate cut stay firm

Greenfern Industries

15/08/2024 14:21

** U.S.-listed shares of gold miners climb premarket,
tracking a rise in the precious metal's prices
    ** Spot gold  XAU=  up 0.1% at $2,449.28/ounce, while U.S.
gold futures  GCv1  rise 0.5% to $2,492.50/ounce
    ** The price gains come a day after U.S. inflation data
suggested the Federal Reserve might reduce interest rates next
month though the extent of the cuts remains uncertain, prompting
investors to await further economic indicators  GOL/ 
    ** Top gold miners Newmont  NEM.N  and Barrick Gold  ABX.TO 
 GOLD.N  climb 0.6% and 0.8%, respectively
    ** U.S.-listed shares of South African miners Sibanye
Stillwater  SSWJ.J   SBSW.N , Gold Fields  GFIJ.J   GFI.N  and
Harmony Gold 
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