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BUZZ-Gold miners gain as bullion rises on US rate-cut hopes, government shutdown woes

Reuters
Nov 07
BUZZ-Gold miners gain as bullion rises on US rate-cut hopes, government shutdown woes

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

** Spot gold XAU= up 0.8% at $4,010.72/ounce

** Prices rise as expectations for further interest rate cuts from the Federal Reserve and lingering concerns over U.S. economic outlook amid a prolonged government shutdown buoyed demand

** Top miners Newmont NEM.N and Barrick Mining B.N both rise 1.4% and 1%, respectively

** U.S.-listed shares of South African miners Sibanye Stillwater SBSW.N and Gold Fields GFI.N gain 3% and 3.8%, respectively

** Canadian miners Kinross Gold K.TO, KGC.N and Agnico Eagle Mines AEM.TO, AEM.N up 1.6% and 1.5%, respectively

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))

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