Gold miners fall after inflation data on doubts about Fed rate cut

Mar 11, 2024 .
- Admin

** Gold miners fall, tracking declines in precious metals prices

** Spot gold > fell 1.1% to $2,157.79 an ounce after a fiery U.S. inflation report dimmed prospects for a Fed rate cut soon

** Top gold miner NewmontNEMand barrick goldABXThe share prices fell 3.1% and 2.1% respectively.

** US-listed South African miner AngloGold AshantiAU,AU, Gold FieldsGFI,GFIand Harmony GoldHAR,HARThe share price fell by 5.5% to 3.8%.

** Canadian miner Agnico Eagle MinesAEMand Kinross GoldKThe stocks fell 2.1% and 3.1% respectively