BUZZ-Gold miners rise as bullion near one-week high on Fed rate-cut hopes
Anglogold Ashanti PLC AU | 103.52 103.50 | +6.33% -0.02% Post |
Abacus Global Management, Inc. Class A ABX | 7.76 7.76 | -1.52% 0.00% Post |
Newmont Corporation NEM | 113.79 114.49 | +5.12% +0.62% Post |
Agnico Eagle Mines Limited AEM | 210.08 210.08 | +3.50% 0.00% Post |
Kellogg Company K | 83.44 83.44 | Delist 0.00% Post |
Updates
** Shares of gold miners rise on Wednesday, as bullion prices hover near an over one-week high GOL/
** Spot gold XAU= up 0.3% at $4,144.06 per ounce, after hitting its highest since November 14 earlier in the session
** Prices rise after U.S. economic data reinforced expectations of a Federal Reserve interest rate cut next month, supporting non-yielding bullion
** Top miners Newmont NEM.N and Barrick Mining ABX.TO, rise 3% and 2.4% respectively
** Barrick on Tuesday said it remains committed to Pakistan’s Reko Diq copper project after reports of a possible withdrawal
** Shares of South African miners Gold Fields GFIJ.J and AngloGold Ashanti AU.N rise 3.2% and 2.2% respectively
** Harmony Gold HMY.N jumps 5% and Sibanye Stillwater SBSW.N rises 2.4%
** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO rise 1.4% and 2.6% respectively
(Reporting by Yagnoseni Das in Bengaluru)
((Yagnoseni.Das@thomsonreuters.com;))
