eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• Shares of gold miners down, tracking lower bullion prices [GOL/]
• Spot gold fell 1% to $4,369.82/ounce, after prices climbed to their highest since May 14 on Tuesday
• Gold prices fall after U.S. inflation data was largely in line with expectations on Wednesday, increasing bets on a Federal Reserve interest-rate hike next month, while investors also awaited remarks from Chairman Kevin Warsh this week
• Top miners Barrick Mining and Newmont down between 0.8% and 2%, respectively
• South African miners Gold Fields down 1.5%, Harmony Gold slips 1.8% and AngloGold Ashanti falls 3.7%
• Canadian miners Agnico Eagle Mines and Kinross
Gold down between 1.1% and 1.6%
(Reporting by Varun Sahay in Bengaluru)