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Sep 23 - 01:55 PM

Gold - Miners Fall As Bullion Prices Edge Lower On Stronger US Dollar

By Pooja Menon  —  Sep 23 - 10:30 AM

(Updates)

• Shares of gold miners fall, tracking decline in bullion prices [GOL/]

• Spot gold down 1.9% at $4,278.10/ounce as hawkish Fed signals bolstered rate-hike expectations, powering the US dollar and weighing on non-yielding bullion

• Dollar at a two-month high makes greenback-priced bullion more expensive for holders in other currencies [USD/]

• Top miners Newmont and Barrick Mining lose 4.2% and 3.5%, respectively

• South African miners Gold Fields , AngloGold Ashanti , Harmony Gold and Sibanye Stillwater

drop between 5.8% and 8.1% each

• Canadian miners: Agnico Eagle Mines dips 4%; Kinross Gold falls 4.2%

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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