February 26, 2015 / 3:13 PM / 3 years ago

BUZZ-Gold and silver miners: Prices of precious metals rise

** Gold and silver miners up 1-7 pct in early trading

** Gold rises after comments from the Federal Reserve pushed back expectations for a first U.S. rate hike in nearly a decade and Chinese buyers snapped up metal on their return from the Lunar New Year break

** Gold rises as much as 1.3 pct to $1,220 an ounce by 9:30 a.m. ET, while Silver rises 2 pct to $16.88

** Gold Fields Ltd up 5 pct at $4.63, Primero Mining Corp 1.4 pct at $3.52, IAMGOLD Corp 3 pct at $2.40

** Harmony Gold Mining Co Ltd up 2.5 pct at $2.45, Goldcorp Inc up 1.5 pct at $21.92, DRDGold Ltd up 1.5 pct at $1.99, Barrick Gold Corp up 1.3 pct at $12.95

** First Majestic Silver Corp up 2.8 pct at $6.17, Coeur Mining Inc up 1.8 pct at $5.63

** Cowen and Co raise price target on First Majestic to $5.10 from $5.07

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