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TDUX
Sep 04 - 11:55 AM

Gold - Miners Fall As Bullion Prices Edge Lower On Rate Hike Bets

By Pooja Menon  —  Sep 04 - 11:31 AM

• Shares of gold miners down, tracking lower bullion prices [GOL/]

• Spot gold down 0.6% at $4,446.58/ounce, on track for a mild weekly decline

• Gold prices fall after stronger-than-expected U.S. jobs data boosted expectations that the Federal Reserve could raise interest rates as soon as this month, denting non-yielding bullion's appeal

• Bullion down more than 2%, hitting an intraday low of $4,364.99/ounce, after the data

• Top miner Newmont and Barrick Mining down 1.4% and 1.3%, respectively

• U.S.-listed shares of South African miners: AngloGold Ashanti , Harmony Gold and Sibanye Stillwater

decline between ~1% and 2%

• Canadian miners: Agnico Eagle Mines and Kinross Gold each down ~1%

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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