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Jan 13 - 07:55 AM

Gold - Miners Fall As US Dollar Strengthens

By Pooja Menon  —  Jan 13 - 06:49 AM

• U.S.-listed shares of gold miners down premarket, tracking a fall in prices of bullion [GOL/]

• Spot gold falls 0.4% to $2,678.21/ounce, off almost one-month highs reached on Dec. 10

• Gold prices down as strong U.S. jobs data reinforced Federal Reserve's cautious stance on interest rate cuts and boosted dollar, though underlying safe-haven demand amid uncertainty around President-elect Donald Trump's policies curbed losses

• Top miner Barrick Gold down 1.9%

• U.S.-listed shares of South African miners AngloGold Ashanti dips ~1% and Sibanye Stillwater falls 2.8%

• U.S.-listed shares of Canadian miner Agnico Eagle Mines

down 1%

• Mali's government initiates provisional order to seize gold stocks at Barrick Gold's Loulo-Gounkoto site; company warns it may have to suspend operations at the complex

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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