Gold miners rise as bullion prices edge higher
GLD•Spot gold rose 0.6% to $4,016.37 an ounce after hitting its lowest level since July 20 on Friday. Shares of major miners, including Newmont and Barrick Gold, gained about 1%.
1. Miners track gold higher
Gold prices rebounded from the previous session’s more-than-three-month low as retreating oil prices tempered inflation concerns ahead of this week’s Fed meeting. Newmont gained about 1%, Barrick Gold rose 1.1%, and US-listed shares of Gold Fields, Harmony Gold, AngloGold Ashanti and Sibanye-Stillwater advanced about 1% to 2.1%.
