Gold miners rise as US rate cut optimism lifts bullion's appeal

Royal Gold

10/05/2024 10:11

** U.S.-listed shares of gold miners climb premarket,
tracking bullion prices
    ** Spot gold  XAU=  up 1.06% at $2,370.68/ounce after US
data boosts bets of an Fed rate cuts  GOL/ 
    ** Top gold miners Newmont  NEM.N  and Barrick Gold  ABX.TO 
 GOLD.N  each climb 1.8%
    ** Kinross Gold  K.TO   KGC.N  and Royal Gold  RGLD.O  each
rise 1%
    ** South African miners Gold Fields  GFIJ.J   GFI.N ,
Harmony Gold  HARJ.J   HMY.N  and AngloGold Ashanti  ANGJ.J 
 AU.N  rise between 3% and 4%
    ** Spot gold prices have risen 3% so far in the week

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
 ;))