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BUZZ-Gold miners fall as bullion prices edge lower

ReutersDec 27, 2024 4:07 PM

Shares of gold miners down, tracking a fall in bullion prices GOL/

Spot gold XAU= down 0.6% at $2,617.07/ounce, as elevated U.S. Treasury yields dimmed non-yielding bullion's allure in a holiday-thinned week, with markets focused on President-elect Donald Trump's return to office and the potential impact of his inflationary policies on the Fed's 2025 outlook

Adding pressure to bullion prices, U.S. dollar index .DXY was headed for a fourth-straight week of gains, reducing gold's appeal for holders of other currencies

U.S.-listed shares of South African miners Gold Fields GFI.N fall 0.8%, Harmony Gold HMY.N down 1%, AngloGold Ashanti AU.N down 1.7%, Sibanye Stillwater SBSW.N down 2.2%

Canadian miner Kinross Gold K.TO down 1.1%

(Reporting by Pooja Menon in Bengaluru)

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

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