BUZZ-Gold, silver miners: Precious metal prices fall

Mon Dec 7, 2015 12:34pm EST
 
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** U.S.-listed shares of gold and silver miners down 2-6 pct

** Gold prices fall from 3-week high after dollar gets boost as Friday's upbeat U.S. jobs data reinforces expectations that the Fed will raise interest rates next week

** Spot gold falls as much as 1.2 pct to $1,073.65 per ounce

** DRDGold down 6.7 pct; Yamana Gold 4.2 pct; Seabridge Gold 3.7 pct; Eldorado Gold 3.5 pct; Kinross 3.5 pct; Newmont Mining 3 pct; Barrick Gold 2.8 pct; Randgold Resources 2.7 pct; Iamgold 2.7 pct

** Silver prices fall as much as 1.7 pct to $14.30 per ounce

** HSBC analysts cut forecast on 2016 silver prices to $15.90/ounce from $16.90/ounce, citing weak industrial demand and expectations Fed rate hike

** First Majestic Silver down 4.7 pct; Silver Standard 4 pct; Fortuna Silver 3.8 pct; Coeur Mining 3.5 pct