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BUZZ-Gold miners fall as US dollar strengthens

ReutersJan 13, 2025 11:48 AM

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

** Spot gold XAU= 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 GOLD.N ABX.TO down 1.9%

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

** U.S.-listed shares of Canadian miner Agnico Eagle Mines AEM.N 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)

((Pooja.Menon@thomsonreuters.com;))

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