December 17, 2014 / 3:18 PM / in 3 years

BUZZ-Gold miners: Metal prices steady before Fed statement

** Gold miners’ U.S.-listed shares up 2-5 pct

** After volatile trading on Tuesday, gold prices stabilize ahead of outcome of U.S. Federal Reserve’s policy meeting as traders await hints on timing of any rate hike

** Spot gold stabilizes at $1,197.40 an ounce after rising to $1,202.90

** U.S. gold futures up 0.2 pct at $1,197.10 an ounce

** Gold is likely to consolidate ahead of Fed statement, says Ole Hansen, head of commodity research at Saxo Bank

** Iamgold Corp’s U.S.-listed shares up 4.8 pct at $2.31, Gold Fields Ltd up 3.8 pct at $4.11, Randgold Resources Ltd up 3.2 pct at $63.84 and Yamana Gold Inc up 2.5 pct at $3.63

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