BUZZ-Gold miners fall after US data dims hopes of over-sized rate cut
Reuters · 09/11 14:49
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** Shares of gold miners fall, tracking lower prices of bullion GOL/
** Spot gold XAU= down 0.4%, hurt by a stronger U.S. dollar and Treasury yields, after U.S. inflation data prompted investors to scale back expectations of an over-sized rate cut from the Federal Reserve week
** Top miners Newmont NEM.N and Barrick Gold ABX.TO gain 2.1% and ~1%, respectively
** U.S.-listed shares of South African miners Gold Fields GFIJ.J, GFI.N and AngloGold Ashanti AU.N each rise 2.5%, while Harmony Gold HARJ.J, HMY.N gains 3.4%
** Franco-Nevada FNV.TO and Agnico Eagle Mines AEM.TO both up about 1.4%
(Reporting by Vallari Srivastava in Bengaluru)
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