BUZZ-Gold producers: Metal prices fall on U.S. rate hike hints

Tue May 24, 2016 10:29am EDT
 
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** U.S.-listed shares of gold miners down after the precious metal fell to a 3-1/2 week low

** Gold dropped as comments from U.S. Federal Reserve officials fueled prospect of a near-term interest rate hike

** Spot gold down 1.1 pct at $1,234.36 per ounce at 10.25 ET

** Shares of Barrick Gold Corp, the world's largest gold producer, fell about 3.2 pct to $17.32; GoldCorp Inc 3.8 pct at $16.68; Seabridge Gold Inc about 6 pct at $13.04

** Kinross Gold down 6.3 pct at $4.58; Alamos Gold 5 pct at $6.45; Yamana Gold 4.3 pct at $4.41; Iamgold Corp down about 4 pct at $3.40

** Harmony Gold Mining Co Ltd down about 4 pct at $3.20; Newmont Mining Corp 3.5 pct at $32.62