December 16, 2014 / 2:28 PM / 3 years ago

BUZZ-Gold miners: Gold prices rise as dollar drops

1 Min Read

** Shares of gold miners rise as gold recovers most of Monday's losses due to fall in strength of dollar and drop in European stocks

** Investors also eye Federal Reserve meeting that could provide indication about possible interest rate hike by U.S. central bank

** Spot gold rises as high as $1,221.40 an ounce on Tuesday; up 1.4 pct at $1,209.10 at 9.20 ET on Tuesday

** U.S. gold futures marginally up at $1,215.20 an ounce

** Gold had lost 2.5 pct on Monday, its sharpest fall in a day since Dec. 2, 2013

** Newmont Mining up 3 pct, U.S.-listed shares of IAMGOLD Corp and Yamana Gold Inc up 6 pct, Barrick Gold Corp up 3 pct

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