BUZZ-Gold miners fall as US dollar strengthens

Reuters
13 Jan
BUZZ-Gold miners fall as US dollar strengthens

** U.S.-listed shares of gold miners down premarket, tracking a fall in prices of bullion GOL/

** Spot gold XAU= falls 0.4% to $2,678.21/ounce, off almost one-month highs reached on Dec. 10

** Gold prices down as strong U.S. jobs data reinforced Federal Reserve's cautious stance on interest rate cuts and boosted dollar, though underlying safe-haven demand amid uncertainty around President-elect Donald Trump's policies curbed losses

** Top miner Barrick Gold GOLD.N ABX.TO down 1.9%

** U.S.-listed shares of South African miners AngloGold Ashanti AU.N dips ~1% and Sibanye Stillwater SBSW.N falls 2.8%

** U.S.-listed shares of Canadian miner Agnico Eagle Mines AEM.N down 1%

** Mali's government initiates provisional order to seize gold stocks at Barrick Gold's Loulo-Gounkoto site; company warns it may have to suspend operations at the complex

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10