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Jun 30 - 11:55 AM

Gold - Miners Gain As Bullion Prices Edge Up On US Dollar Weakness

By Pooja Menon  —  Jun 30 - 09:58 AM

(Updates)

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

• Spot gold up 0.5% at $3,284.49/ounce after hitting its lowest since May 29 earlier in the session

• Bullion has risen 5.2% so far this quarter

• Gold prices rose as support from a weaker U.S. dollar overshadowed increased risk appetite, while the market's focus shifted to U.S. jobs data due later this week that could influence the Federal Reserve's rate cut trajectory

• Top miner Newmont up ~1%

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

up 2.3%, AngloGold Ashanti up 1.8%, Harmony Gold

up 2.1% and Sibanye Stillwater up 2.5%

• Canadian miner Kinross Gold up marginally

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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