Gold miners advance as bullion back in positive territory
GDX•Key mining stocks move higher
Top miners:
- Newmont (NEM.N) up 1.2%
- Barrick Mining (B.N) up 0.5%
South African miners:
- AngloGold Ashanti (AU.N) up 1.3%
- Gold Fields (GFI.N) up 1.4%
- Harmony Gold (HMY.N) up 2.2%
Canadian miners:
- Agnico Eagle Mines (AEM.N) up 0.8%
- Kinross Gold (KGC.N) up about 1%
Bullion recovery supports miners
Prices recovered as oil retreated, with investors watching Middle East developments for signals on energy inflation and the U.S. rate outlook.
Gold miners rise in premarket trading
U.S.-listed shares of gold miners gained in premarket trading, tracking a rise in bullion prices.
Spot gold was up 0.1% at $4,053.78/ounce, after dropping about 0.6% earlier in the session.
