Gold miners rise as bullion near one-week high on Fed rate-cut hopes
Shares of gold miners rise on Wednesday, as bullion prices hover near an over one-week high GOL/
Spot gold XAU= up 0.3% at $4,144.06 per ounce, after hitting its highest since November 14 earlier in the session
Prices rise after U.S. economic data reinforced expectations of a Federal Reserve interest rate cut next month, supporting non-yielding bullion
Top miners Newmont NEM.N and Barrick Mining ABX.TO, rise 3% and 2.4% respectively
Barrick on Tuesday said it remains committed to Pakistan’s Reko Diq copper project after reports of a possible withdrawal
Shares of South African miners Gold Fields GFIJ.J and AngloGold Ashanti AU.N rise 3.2% and 2.2% respectively
Harmony Gold HMY.N jumps 5% and Sibanye Stillwater SBSW.N rises 2.4%
Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO rise 1.4% and 2.6% respectively
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