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BUZZ-Gold miners rise as bullion prices edge up on weak dollar

ReutersJan 14, 2025 6:02 PM

** Shares of gold miners up, as bullion prices extend gains GOL/

** Spot gold XAU= is up 0.3% at $2,669.53/ounce after U.S. inflation data came in slightly weaker than expected, giving investors faint hope that the Federal Reserve would continue on its rate-easing path this year, sending the dollar lower

** Top miner Newmont NEM.N up 1.8%

** U.S.-listed shares of South African miners Gold Fields GFI.N up 2.9%, Harmony Gold HMY.N up 4.2% and AngloGold Ashanti AU.N up 3.9%

** Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO up 1% and 3.3%, respectively

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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