Endeavour and Fresnillo slide as gold weakens on trade deal optimism

  • Shares in London-listed precious metals miners took a hit on Friday afternoon, with Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) down 2.5% and Fresnillo PLC (LSE:FRES) dropping 3.2%, as gold prices extended their decline on reports of a breakthrough in US-China trade negotiations. The price of gold fell below $3,300, with analysts noting a shift in investor appetite towards riskier assets and away from traditional safe havens.