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

Reuters
Aug 22
BUZZ-Gold miners down as bullion prices edge lower on firm US dollar

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

** Spot gold XAU= down 0.4% at $3,326.35/ounce, due to a firmer U.S. dollar, with markets awaiting Federal Reserve Chair Jerome Powell's speech at the annual Jackson Hole symposium for more insight on the Fed's monetary policy path

** The dollar index .DXY rose to a near two-week high as investors pared back expectations for a Fed rate cut in September USD/

** Top miners Newmont NEM.N down marginally and Barrick Mining ABX.TO, B.N down ~1%

** South African miners AngloGold Ashanti AU.N down 3.2%, Harmony Gold HMY.N down 1.6% and Sibanye Stillwater SBSW.N down 1.5%

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N down marginally and Kinross Gold K.TO, KGC.N down ~1%

(Reporting by Pooja Menon in Bengaluru)

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

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