BUZZ-Gold miners down as bullion prices edge lower on strong US dollar

Reuters
02/17
BUZZ-Gold miners down as bullion prices edge lower on strong US dollar

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

** Spot gold XAU= down 1.5% at $4,918.65/ounce, after losing over 2% earlier in the session

** Gold prices fall to a more than one-week low, pressured by a stronger U.S. dollar as investors tracked cues on geopolitics and the Federal Reserve's monetary policy

** The U.S. dollar index .DXY rose 0.2% against a basket of currencies, making greenback-priced bullion more expensive for holders of other currencies USD/

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N fall 3.7% and 2.9%, respectively

** South African miners Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N lose between ~4% and ~7%

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N each fall 3%

(Reporting by Pooja Menon in Bengaluru)

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

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