Gold miners decline as risk appetite grows

NovaGold Resources

05/06/2020 15:16

** Shares of gold miners fall as price of the precious metal
declined, weighed down by gains in riskier assets as investors
grew more hopeful of a rebound in the coronavirus-hit global
economy  GOL/ 
    ** Spot gold  XAU=  was down 1.8% at $1,679.66/ounce
    ** Newmont Corp  NEM.N  and Barrick Gold  ABX.TO  down 4.3%
and 4.6%, respectively 
    ** Torex Gold Resources  TXG.TO  falls 6.7% and NovaGold
Resources  NG.TO  down 5.7%; stocks among top pct losers on
S&P/TSX Composite Index  .GSPTSE 
    ** Kirkland Lake Gold  KL.TO , Yamana Gold  YRI.TO ,
Anglogold Ashanti  AU.N  and Harmony Gold  HMY.N  decline
between 3% and 6%

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com))