BUZZ-Gold miners rise as bullion near one-week high on Fed rate-cut hopes

Anglogold Ashanti PLC +6.34%
Abacus Global Management, Inc. Class A -1.27%
Newmont Corporation +5.14%
Agnico Eagle Mines Limited +3.50%
Kellogg Company Delist

Anglogold Ashanti PLC

AU

103.53

+6.34%

Abacus Global Management, Inc. Class A

ABX

7.78

-1.27%

Newmont Corporation

NEM

113.81

+5.14%

Agnico Eagle Mines Limited

AEM

210.08

+3.50%

Kellogg Company

K

83.44

Delist

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;))