BUZZ-Gold stocks: Down on higher U.S. rate rise chances

Thu Oct 6, 2016 10:54am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Shares of gold miners down as gold slumped for eighth consecutive day

** Gold prices fell as dollar strengthed ahead of U.S. jobs data that could put the Federal Reserve on track to raise interest rates by year-end

** "Gold is falling on expectations that the Fed could now raise rates even twice before the end of the year and prospects of the European Central Bank eventually winding down its bond-buying programme," says Carlo Alberto de Casa, ActivTrades' chief analyst

** Spot gold down 1 pct at $1,253.71 an ounce

** Spot silver down 0.42 pct at $17.28 an ounce

** Platinum down 1.6 pct at $ 963.80 an ounce

** Gold/Silver index down 3.3 pct

** Top losers: McEwen Mining Inc down 7 pct, Gold Fields Ltd 6.4 pct, IAMGOLD Corp 5.6 pct, Harmony Gold Mining Co 5 pct, Sibanye Gold Ltd 5 pct