Gold, silver miners fall as US jobs data lowers rate-cut hopes
U.S.-listed shares of gold and silver miners down premarket, tracking falling prices of the metals GOL/
Spot gold XAU= down 0.9% at $4,039.49/ounce, after falling more than 1% earlier in the session. Bullion has dipped 0.5% this week
Gold prices are set for a weekly decline after a robust U.S. jobs report dampened expectations of a Federal Reserve rate cut next month, weighing on the non-yielding metal
Spot silver XAG= down 3.6% at $48.82/ounce
Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N down 2.2% and 2.4%, respectively
South African miners Gold Fields GFI.N, Sibanye Stillwater SBSW.N and AngloGold Ashanti AU.N decline between 2.8% and 3.5%
Silver miners Hecla Mining HL.N down 4.7% and Coeur Mining CDE.N falls 3.5%
Canadian miners Endeavour Silver EDR.TO, EXK.N falls 3.7%, Silvercorp Metals SVM.TO, SVM.N down 2.7%, Agnico Eagle Mines AEM.TO, AEM.N dips 1.7% and Kinross Gold K.TO, KGC.N down 2.2%
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