BUZZ-Gold miners gain as bullion prices edge higher on weak US dollar

Reuters
07-18
BUZZ-Gold miners gain as bullion prices edge higher on weak US dollar

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

** Spot gold XAU= up 0.4% at $3,351.23/ounce, after falling 1.1% in previous session

** The bullion has receded 0.1% this week

** Gold prices rose on weaker U.S. dollar and persistent geopolitical tensions, though easing concerns about U.S. Federal Reserve's independence and strong U.S. data capped gains

** U.S. dollar .DXY was down 0.4%, though headed for second straight weekly rise. Weaker dollar tends to make gold cheaper for buyers holding other currencies USD/

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N each up marginally

** South African miners Gold Fields GFI.N up 2.8%, Harmony Gold HMY.N rise 1.6%, AngloGold Ashanti AU.N up 2.3% and Sibanye Stillwater SBSW.N rises 7.3%

** Canadian miner Kinross Gold K.TO, KGC.N up ~1%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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