February 4, 2016 / 7:29 PM / a year ago

BUZZ-Metal miners: Shares rise as metal prices rally

1 Min Read

** Mining companies' U.S.-listed shares up as prices of precious and base metals rise

** Gold extends rally on Thursday, building on previous day's gains to strike 3-month high, as global economic and financial headwinds present obstacles to U.S. interest rate rise in near term

** Spot gold touches $1,156.60 per ounce, highest since Oct. 29

** Zinc climbs to highest in more than 3 months on concerns about potential shortages, while slide in dollar on worries about U.S. economy boosts copper and wider industrial metals market

** LME 3-month benchmark zinc surges to peak of $1,728 per ton

** Barrick Gold Corp up 3.3 pct, AngloGold Ashanti Ltd up 4.2 pct, Silver Wheaton Corp up 4.7 pct

** Sibanye Gold Ltd up 8.6 pct, Goldcorp Inc up 6.3 pct, Newmont Mining Corp up 5 pct

** Freeport-McMoRan Inc up 16.3 pct, Rio Tinto Plc up 6.3 pct, BHP Billiton Ltd up 6.8 pct

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