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Jun 20 - 07:55 AM

Gold - Miners Fall As Bullion Prices Edge Lower

By Pooja Menon  —  Jun 20 - 06:14 AM

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

• Spot gold slips 0.4% to $3,356.11/ounce and was down 2.4% on weekly basis

• Gold prices fell and were poised for worst weekly performance in more than one month after Federal Reserve tempered expectations for rate cuts and on temporary easing of concerns about imminent U.S. attack on Iran

• U.S. dollar was up 0.5% this week and poised for its biggest weekly gain in over one month, making gold more expensive for holders of other currencies [USD/]

• Top miners Newmont down ~1% and Barrick Gold

down 1.3%

• South African miners Gold Fields down ~1%, Harmony Gold and Sibanye Stillwater each down marginally, AngloGold Ashanti down 1.3%

• Canadian miners Agnico Eagle Mines down 1.4% and Kinross Gold down 1%

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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