BUZZ-Gold miners fall as rising yields, strong dollar overshadow safe‑haven demand
Reuters03-05
BUZZ-Gold miners fall as rising yields, strong dollar overshadow safe‑haven demand
** Shares of gold miners fall, tracking prices of the yellow metal GOL/
** Spot gold XAU= down 0.7% at $5,099.48 per ounce
** Gold prices fall as rising U.S. Treasury yields and a firmer dollar pressures prices, and concerns grow that the escalating conflict in the Middle East could drive up inflation
** Miners Newmont NEM.N and Barrick Mining ABX.TO down 2.5% and 3.3%, respectively
** South African miners Gold FieldsGFIJ.J, GFI.N and Harmony GoldHARJ.J, HMY.N slip 4% to 4.3%
** Canadian miners Agnico Eagle Mines AEM.TO and Kinross GoldK.TO dip 4.4% and ~4%, respectively
(Reporting by Dharna Bafna in Bengaluru)
((Dharna.bafna@thomsonreuters.com))
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