BUZZ-Gold miners fall as strong US jobs data boosts rate-hike bets
Anglogold Ashanti AU | 0.00 | |
Abacus Global ABX | 0.00 | |
Newmont NEM | 0.00 | |
Agnico Eagle Mines AEM | 0.00 | |
Kellanova K | 0.00 |
** Shares of gold miners fall premarket, tracking a decline in bullion prices GOL/
** Spot gold XAU= down 0.65% to $4,300.77/ounce, its lowest level since March 23
** Bullion prices slip after last week's strong U.S. jobs data boosted expectations of a Federal Reserve rate hike, while Israel and Iran traded strikes, pushing oil prices higher and fuelling inflation concerns
** Top miners Newmont NEM.N and Barrick Gold ABX.TO, B.N down marginally
** South African miners: Harmony Gold HMY.N dips 3.5%, AngloGold Ashanti AU.N down 3% and Sibanye Stillwater SBSW.N falls 3.2%
** Canadian miner Kinross Gold K.TO, KGC.N dips marginally