Gold miners shine as Middle East tensions lift bullion's appeal

Royal Gold

12/01/2024 15:02

(Updates)
    ** Shares of gold miners jump as fears of escalating
conflict in the Middle East lifts the appeal of the safe-haven
metal
    ** Spot gold  XAU=  up 1.5% at $2,059.09 per ounce  GOL/ 
    ** U.S. and Britain carried out strikes against Houthi
military targets in Yemen overnight in response to the
movement's attacks on ships in the Red Sea
    ** Top gold miners Newmont  NEM.N  and Barrick Gold  ABX.TO 
climb 2.2% and 3.5%, respectively
    ** Royal Gold  RGLD.O  rises 3%
    ** Canadian miners Agnico Eagle Mines  AEM.TO  and Kinross
Gold  K.TO  rise 3.1% and 5.2%
    ** U.S.-listed shares of South African miners Gold Fields
 GFIJ.J   GFI.N , Harmony Gold  HARJ.J   HMY.N  and Anglogold
Ashanti  ANGJ.J   AU.N  rise between 6.2% and 5%

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