London's miners fall in morning trade. Gold prices decline for a second day as attacks against two commercial ships near the Strait of Hormuz push oil prices higher and revive inflation concerns, MUFG's Soojin Kim writes. Higher interest rates typically hurt non-yielding assets like silver and gold. In New York, gold futures fall 0.7% to $4,139.40 a troy ounce while silver falls 1.7% to $61.26 an ounce. Precious metal miner Hochschild Mining drops 3% while peers Fresnillo and Endeavour Mining fall 2.2% and 1.5%, respectively. Diversified miner Anglo American slides 2.1%. (adam.whittaker@wsj.com)
Dow Jones Newswires
London's Miners Fall on Gold Price Drop After Commercial Ships Attacked in Hormuz — Market Talk
- Sources
- Dow Jones Newswires
- Markets
- Stocks
- Active symbols
- BIST:XAGUSD1!, COMEX:SI1!, MCX:SILVER1!, TVC:SILVER
- Language
- English
London's miners fall in morning trade. Gold prices decline for a second day as attacks against two commercial ships near the Strait of Hormuz push oil prices higher and revive inflation concerns, MUFG's Soojin Kim writes. Higher interest rates typically hurt non-yielding assets like silver and gold…