BUZZ-Gold miners up as bullion hits six-week high on rate cut optimism** U.S.-listed shares of gold miners up premarket, as bullion prices climb to their highest level in six weeks GOL/
** Spot gold XAU= up 0.3% at $4,241.21 per ounce as of 0855 GMT, after hitting its highest since October 21
** Gold prices rise on investor expectations of a possible U.S. interest rate cut later this month and shifts in Federal Reserve leadership
** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N, edge up 1.4% and 1.8% respectively
** U.S.-listed shares of South African miner Gold Fields GFI.N climb 1.5%
** Harmony Gold HMY.N up 1.3% and Sibanye Stillwater SBSW.N up slightly
(Reporting by Yagnoseni Das in Bengaluru)
((Yagnoseni.Das@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments