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BUZZ-Gold miners fall as stronger US dollar hurts bullion prices

ReutersJan 13, 2025 4:40 PM

Updates

** Shares of gold miners down, tracking a fall in prices of bullion GOL/

** Spot gold XAU= 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 ABX.TO down 1.4%

** U.S.-listed shares of South African miners AngloGold Ashanti AU.N and Sibanye Stillwater SBSW.N each down 1%

** Shares of Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO 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)

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

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