Iamgold Corporation shares fall 2.40% intraday as TSX remains muted with trade updates and corporate earnings in focus.

Iamgold Corporation declined 2.40% intraday, with the TSX index being muted due to trade updates and corporate earnings in focus. The market was awaiting updates on U.S. trade negotiations ahead of the August 1 deadline and assessing a surprise visit to the Federal Reserve by U.S. President Donald Trump. Additionally, Franco-Nevada Corporation, a competitor in the gold mining sector, announced the acquisition of a 1.0% net smelter return royalty on AngloGold Ashanti plc's Arthur Gold Project in Nevada, which could have impacted investor sentiment towards Iamgold Corporation.