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Gold miners drop as strong US Data delays rate cut hopes

ReutersJul 30, 2025 2:14 PM

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

Spot gold XAU= down 0.7% at $3,302.48/ounce

Gold prices fell as solid U.S. economic data reinforced expectations that the Federal Reserve will hold interest rates steady at its upcoming meeting

Top miners Newmont NEM.N falls 1.4% and Barrick Mining ABX.TO down marginally

U.S.-listed shares of South African gold miners Gold Fields GFI.N down 1.6%, Harmony Gold HMY.N fall 2.4%, Sibanye Stillwater SBSW.N drop 1.4% and AngloGold Ashanti AU.N decline ~3%

Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO each down marginally

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