By Sumit Saha — Jun 12 - 05:55 AM
• U.S.-listed shares of gold miners rise premarket, tracking higher bullion prices [GOL/]
• Spot gold rises 0.2% to $3,360.73/ounce, after hitting its highest level since June 5 earlier in the day
• Gold price rise driven by softer U.S. inflation data that strengthened expectations of Federal Reserve rate cuts this year, while investors look to another set of inflation data for further direction
• Top miners Newmont up 1.1% and Barrick Mining
up marginally
• South African miners Gold Fields gains 3%, Harmony Gold up 2.2% and AngloGold Ashanti rises 3.1%
• Canadian miners Agnico Eagle Mines gains ~1% and
Kinross Gold rises marginally
(Reporting by Sumit Saha in Bengaluru)
Source:
London Stock Exchange Group | Thomson Reuters
