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May 09 - 07:55 AM

Gold - Miners Up As Bullion Prices Inch Higher On Weak US Dollar

By Pooja Menon  —  May 09 - 05:49 AM

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

• Spot gold up 0.3% at $3,326.11/ounce; the metal has gained 2.5% so far this week

• Gold prices are headed for a weekly gain, supported by weaker U.S. dollar and lingering geopolitical tensions, while focus remained on U.S.-China trade talks due this weekend

• Top miner Newmont up ~1%

• South African miners Gold Fields up 1.1%, AngloGold Ashanti up ~3%, Harmony Gold up 3.3% and Sibanye Stillwater up 2.6%

• Canadian miners Agnico Eagle Mines up 1.1% and Kinross Gold up 1.4%

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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