By Sumit Saha — May 23 - 11:43 AM
(Updates)
• Shares of gold miners rise, tracking gains in bullion prices [GOL/]
• Spot gold up ~2% at $3,357.71/ounce
• Gold prices rise on a weaker U.S. dollar and renewed tariff threats from U.S. President Donald Trump
• A weaker U.S. dollar makes the greenback-priced gold cheaper for holders of other currencies
• Top miners: Newmont up 1.5%, Barrick Mining
rises marginally
• U.S.-listed shares of South African miners: Gold Fields
rises 4.3%, Harmony Gold up ~4%, AngloGold Ashanti gains 2.8% and Sibanye Stillwater rises ~2%
• Canadian miners: Agnico Eagle Mines up 2.6% and
Kinross Gold gain 1%
(Reporting by Sumit Saha in Bengaluru)
Source:
London Stock Exchange Group | Thomson Reuters