BUZZ-Gold miners fall as bullion drops on rate cut uncertainty, stronger dollar
Reuters
Nov 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
** Canadian miners Kinross GoldK.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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