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May 01 - 08:55 AM

Gold - Miners Fall As Bullion Prices Hit Two-Week Low

By Sumit Saha  —  May 01 - 06:47 AM

• U.S.-listed shares of gold miners fall premarket, tracking dip in bullion prices

• Spot gold down 2.1% at $3,219.57/ounce

• Gold prices declined to two-week low, hurt by stronger U.S. dollar and signs of easing trade tensions reduced bullion's safe-haven appeal

• Strong U.S. dollar makes bullion more expensive for buyers holding other currencies

• Top miners Newmont and Barrick gold ,

falls 3% each

• South African miners AngloGold Ashanti falls 5.6%, Harmony Gold dips 5.1% and Sibanye Stillwater down 2.6%

• Canadian miners Agnico Eagle Mines , down 2.8% and Kinross Gold , falls 3.1%

(Reporting by Sumit Saha in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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