Gold miners rise on softer dollar, lower yields
GLD•Gold miners rose as spot gold gained 1.3% to $4,156.52 an ounce, supported by a weaker dollar and lower U.S. Treasury yields. Shares of Newmont gained 1%, while Harmony Gold rose 2.5%.
1. Miners track bullion higher
Gold miners rose alongside bullion, with spot gold up 1.3% at $4,156.52 an ounce and looking set to snap three sessions of losses. Newmont shares gained 1%, while U.S.-listed shares of Harmony Gold rose 2.5%; expectations of a Federal Reserve rate hike this month remained subdued despite hotter-than-expected inflation data.
