Gold miners down as bullion tumbles below $2,000

Tower One Wireless

11/08/2020 14:29

** U.S.-listed shares of gold miners decline premarket as
prices of the yellow metal drop below $2,000 
    ** The dollar clung to recent gains, and expectations of a
U.S. stimulus deal boosted risk appetite, prompting investors to
take profits from bullion's explosive run to a record high 
    ** Spot gold  XAU=  fell 3.3% to $1,960.95 per ounce by 1300
GMT  GOL/ 
    ** Shares of top gold producers Newmont  NEM.N  and Barrick
 GOLD.N  down over 4% each
    ** Other producers Yamana Gold  AUY.N , Kirkland Lake
 KL.N , Harmony  HMY.N , Anglo  AU.N  down between 3% to 5.3%
    ** In other precious metals, silver  XAG=  fell 6.7% to
$27.19 per ounce, platinum  XPT=  was down 4.9% at $938.63 per
ounce and palladium  XPD=  dropped about 5% to $2,109.63 per
ounce

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776;))