Gold miners gain as bullion prices rise on softer US dollar
GDX•Gold miners rise premarket as bullion strengthens
U.S.-listed shares of gold miners gain premarket, tracking the rise in bullion prices.
- Spot gold
XAU=is up 1.1% at $4,308.39 per ounce after hitting a near-six-week low on Wednesday. - Gold prices climb as a softer U.S. dollar and easing oil prices lend support, while investors assessed the Federal Reserve's latest rate hike and prospects for further policy tightening.
- Top miners Newmont
NEM.Nand Barrick GoldABX.TO,B.Nare up 1.6% and 1.8%, respectively. - South African miners Gold Fields
GFI.Nrises 3.4%, Harmony GoldHMY.Njumps 3.6%, AngloGold AshantiAU.Ngains 2.4% and Sibanye-StillwaterSBSW.Nup 1.1%. - Canadian miners Agnico Eagle Mines
AEM.TO,AEM.Nrises 2.7% and Kinross GoldK.TO,KGC.Nadds about 2%.
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