BUZZ-Gold miners rise on weaker dollar, US downgrade

Reuters
05-19
BUZZ-Gold miners rise on weaker dollar, US downgrade

** U.S.-listed shares of gold miners gain premarket, tracking rise in bullion prices GOL/

** Spot gold XAU= up 1.2% at $3,240.29/ounce

** Gold prices rebound from previous session's losses, benefiting from a weaker dollar and Moody's downgrade of U.S. government's credit rating amid lingering trade concerns

** Top miners Newmont NEM.N rise 2.1% and Barrick Mining ABX.TO, B.N up 2.4%

** South African miner Harmony Gold HMY.N rises 2.4%, Sibanye Stillwater SBSW.N gains 3.6%, Gold Fields up 1.4%, and Anglogold Ashanti AU.N rise 1.3%

** Canadian miners Kinross Gold K.TO, KGC.N rise 2.3% and Agnico Eagle Mines AEM.TO, AEM.N up 2.5%

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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