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TDUX
Aug 26 - 01:55 PM

Gold - Miners Fall After In-Line U.S. Inflation Data 

By Varun Sahay  —  Aug 26 - 10:05 AM

• 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)

Source:
London Stock Exchange Group | Thomson Reuters

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