Miners See Bid as Gold Edges Higher (ABX) (NEM)

Gold miners gained Friday morning as the precious metal advanced to $1267/oz, its highest level in weeks. Strength in the commodity led to gains across the board, with Barrick Gold (NYSE: ABX) and Newmont Mining (NYSE: NEM) set to open solidly in the green, while traders eyed data on GDP and durable goods orders, slated to be released at 8:30 am.

Other miners in focus included Goldcorp (NYSE: GG), Franco-Nevada (NYSE: FNV), Yamana Gold (NYSE: AUY), Kinross Gold (NYSE: KGC), and Agnico Eagle Mines (NYSE: AEM).

You May Also Be Interested In

• Nscale targets up to $3B in US IPO as soon as September - Bloomberg
• Abacus Global Management, Inc. Announces $100 Million Share Repurchase Program
• Oil settles up over $2 as Iran war stalemate stokes supply concerns