BUZZ-Gold miners fall as bullion drops on rate cut uncertainty, stronger dollar

Reuters
11/01
BUZZ-Gold miners fall as bullion drops on rate cut uncertainty, stronger dollar

** Shares of gold miners fall, tracking a dip in prices of bullion GOL/

** Spot gold XAU= down 1% at $3,981.99/ounce, as traders weighed uncertainty around another interest rate cut by the U.S. Federal Reserve this year and dollar index held a near three-month high

** Stronger dollar makes gold more expensive for other currency holders while higher interest rates can dampen the bullion's appeal

** Top miners Newmont NEM.N and Barrick Mining ABX.TO fall 2.5% and 1.5%, respectively

** U.S.-listed South African miners: Sibanye Stillwater SBSW.N falls 4% and Gold Fields GFI.N down marginally

** Canadian miners Kinross Gold K.TO and Agnico Eagle Mines AEM.TO fall 2.7% and 1.6%, respectively

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))

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