Gold miners retreat as bullion's safe-haven appeal falls

NovaGold Resources

22/04/2024 15:40

(Updates)
    ** Shares of gold miners fall, tracking prices of the
bullion, which hit a one-week low  GOL/ 
    ** Spot gold  XAU=  down 2.4% at $2333.46/ounce, as easing
fears of a wider Middle East conflict boosted investors' risk
appetite, prompting them to scale back safe-haven trades in
favor of riskier assets like equities
    ** Top miners Newmont  NEM.N  and Barrick Gold  ABX.TO  fall
3.3% and 3.2%, respectively
    ** U.S.-listed shares of South African miners Sibanye
Stillwater  SBSW.N   SSWJ.J , Gold Fields  GFI.N   GFIJ.J ,
Harmony Gold  HMY.N   HARJ.J  and AngloGold Ashanti  AU.N 
 ANGJ.J  drop between 3% and 6.9%
    ** Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  fell, dragged down by miners such as K92 Mining
 KNT.TO , NovaGold Resources  NG.TO  and Kinross Gold  K.TO ,
OceanaGold  OGC.TO , down between 5.1% and 3.5%

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