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BUZZ-Gold miners gain as bullion prices edge up

ReutersJan 16, 2025 4:46 PM

Shares of gold miners up, as bullion prices rise to a more than one-month high GOL/

Spot gold XAU= up 0.8% at $2,720.89/ounce, after the latest U.S. economic data pressured the Treasury yields further, following a soft core inflation reading this week that increased bets for a more dovish Federal Reserve policy

Top miner Newmont NEM.N up 1.4% and Barrick Gold ABX.TO up ~1%

U.S.-listed shares of South African miner AngloGold Ashanti AU.N up 1.1%

Canadian miner Agnico Eagle Mines AEM.TO up 1.8%

(Reporting by Pooja Menon in Bengaluru)

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

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