London, South African Gold Stocks Slide on Weakening Rate-Cut Bets -- Market Talk
Dow Jones11-18
0853 GMT - Gold equities have been hit by a broad market selloff in opening trade as gold futures slide. Weakening expectations that the U.S. Federal Reserve will cut interest rates leave futures in New York down 1.3% at $4,021.30 a troy ounce. Higher interest rates weigh on non-yielding assets like gold. In London, gold and silver miner Fresnillo is down 5.3%, Hochschild Mining slides 3.7% and Endeavour Mining falls 2.5%. In Johannesburg, both Gold Fields and Sibanye-Stillwater drop nearly 6%, while Harmony Gold is down 4%.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
November 18, 2025 03:53 ET (08:53 GMT)
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