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BUZZ-Gold miners gain as investors await Fed rate decision, Powell speech

Reuters
Oct 29
BUZZ-Gold miners gain as investors await Fed rate decision, Powell speech

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

** Spot gold XAU= up 1% at $3,991.59/ounce, after dropping to its lowest since October 6 on Tuesday

** Prices rebounded as investors found the metal attractive after falling to a three-week low in the previous session, while the Federal Reserve rate cut decision and Chair Jerome Powell's speech took center stage

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N both rise 1.8% and 2.3%, respectively

** U.S.-listed shares of South African miners Sibanye Stillwater SBSW.N and Gold Fields GFI.N up 3.3% and 2.2%, respectively

** Canadian miners Kinross Gold K.TO, KGC.N and Agnico Eagle Mines AEM.TO, AEM.N up 3% and 2.5%, respectively

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))

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