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Jun 12 - 01:55 PM

Gold - Miners Gain As Bullion Hits One-Week High

By Sumit Saha  —  Jun 12 - 12:45 PM

(Updates)

• Shares of gold miners rise, tracking higher bullion prices [GOL/]

• Spot gold rises 1.1% to $3,389.51/ounce, after hitting its highest level since June 5 earlier in the day

• Gold price rise steered by simmering Middle East tensions and cooler U.S. economic data, which fuelled fresh bets on Federal Reserve rate cuts

• Top miners Newmont up ~4% and Barrick Mining

gains 3.5%

• U.S.-listed shares of South African miners Gold Fields

gain 3.7%, Harmony Gold up 4.2%, Sibanye Stillwater up 3.5% and AngloGold Ashanti rise 6.6%

• Canadian miners Agnico Eagle Mines gains 2.6% and Kinross Gold rises 2.4%
(Reporting by Sumit Saha in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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