eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
Apr 13 - 06:55 AM
–
Gold - Miners Down As Renewed US-Iran Tensions Dampen Rate Cut Hopes
By Dharna Bafna — Apr 13 - 05:58 AM
• U.S.-listed shares of gold miners down premarket, tracking lower bullion prices [GOL/]
• Spot gold down 0.6% at $4,719.54/ounce
• Bullion prices decline as renewed fears of a wider Middle East conflict spurred by failed U.S.-Iran talks boosted oil prices, fueled inflation concerns and reduced expectations of U.S. Federal Reserve rate cuts this year
• Top miners Newmont and Barrick Mining fall 2% and 1.7% respectively
• South African miners: Gold Fields , AngloGold Ashanti both down 1.4% and Harmony Gold inches down ~2%
• Canadian miners: Agnico Eagle Mines dips
1.2% and Kinross Gold slips 1.6%
(Reporting by Dharna Bafna in Bengaluru)
Source:
London Stock Exchange Group | Thomson Reuters