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Jan 13 - 01:55 PM

Gold - Miners Fall As Stronger US Dollar Hurts Bullion Prices

By Pooja Menon  —  Jan 13 - 11:41 AM

(Updates)

• Shares of gold miners down, tracking a fall in prices of bullion [GOL/]

• Spot gold down 0.9% to $2,666.36/ounce, after dropping as low as 1% earlier in the session

• Gold prices dipped as the U.S. dollar soared to an over two-year high after a robust jobs report last week cemented expectations the Federal Reserve will proceed with caution with cutting interest rates this year

• Top miner Barrick Gold down 1.4%

• U.S.-listed shares of South African miners AngloGold Ashanti and Sibanye Stillwater each down 1%

• Shares of Canadian miners Agnico Eagle Mines and Kinross Gold down 2.4% and 3.3%, respectively

• 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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