BUZZ-Miners: Gold soars on short-covering, fund buying

Fri Nov 14, 2014 3:18pm EST
 
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** U.S.-listed shares of Canadian miners up 9-22 pct in afternoon trading

** Gold surged over 2 pct on Friday due to short covering, fund buying and sudden weakening of dollar

** Spot gold was up 2.7 pct at $1,193.22 an ounce, silver was up 4.7 pct at $16.37 an ounce, at 1313 ET

** Gold prices have declined nearly 11.5 pct over the past three months

** U.S.-listed shares of Iamgold Corp up 23 pct at $2.14 - the top percentage gainer on NYSE - after analysts at HSBC upgrade stock to "over weight" from "neutral"

** Biggest bullion producer Barrick Gold Corp up 6 pct

** First Majestic Silver Corp up 9.6 pct, Silver Standard Resources Inc 9.8 pct, Seabridge Gold Inc 10 pct, Coeur Mining Inc 11 pct