London's miners rise after a weaker-than-expected U.S. jobs report eases expectations that the Federal Reserve will hike rates, pushing gold prices up. Higher interest rates typically weigh on nonyielding assets like gold and silver. The metal also continues to benefit from renewed concerns over the central bank's independence as President Trump continues to criticize it, MUFG's Soojin Kim writes. In New York, gold futures rise 1.4% to $4,185.30 a troy ounce and silver rises nearly 3% to $62.85 an ounce. Precious-metal miners Fresnillo and Hochschild Mining both rise around 2.2%. Anglo American gains 1.4% and commodities giant Glencore is up 1%. (adam.whittaker@wsj.com)
Dow Jones Newswires
London's Miners Rise as Weaker U.S. Jobs Report Tempers Expectations of Rate Hike — Market Talk
London's miners rise after a weaker-than-expected U.S. jobs report eases expectations that the Federal Reserve will hike rates, pushing gold prices up. Higher interest rates typically weigh on nonyielding assets like gold and silver. The metal also continues to benefit from renewed concerns over th…