Tiger Brokers

BUZZ-Gold miners down as bullion prices edge lower on hawkish Fed bets

Reuters
Mar 18
BUZZ-Gold miners down as bullion prices edge lower on hawkish Fed bets

** U.S.-listed shares of gold miners down premarket, tracking decline in bullion prices GOL/

** Spot gold XAU= down 2.1% at $4,901.67/ounce, its lowest level since February 18

** Gold prices fall as investors weigh the risk of a more hawkish U.S. Federal Reserve policy stance, with high oil prices fueling concerns about inflation

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N fall 2.7% and 2.6%, respectively

** South African miners Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N lose between 5.4% and 6.6%

** Canadian miners: Agnico Eagle Mines AEM.TO, AEM.N dips 2%; Kinross Gold K.TO, KGC.N falls 2.9%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10