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Feb 24 - 08:55 AM

Gold - Miners Gain As Bullion Prices Inch Up On Weak US Dollar

By Pooja Menon  —  Feb 24 - 06:47 AM

• U.S.-listed shares of gold miners up premarket, tracking rise in prices of bullion [GOL/]

• Spot gold up 0.2% at $2,942.50/ounce, after scaling all-time high of $2,954.69/ounce last week

• Gold prices rose, helped by weaker U.S. dollar, while investors looked ahead to key inflation report due later this week to gauge Federal Reserve's interest-rate trajectory

• U.S.-listed shares of top miner Barrick Gold up ~1%

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

up ~3%, AngloGold Ashanti up ~1% and Harmony Gold

up 2.9%

• U.S.-listed shares of Canadian miners Agnico Eagle Mines

up ~1% and Kinross Gold up 1%

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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