BUZZ-Precious metal producers: Metal prices fall as stocks rally

Tue Aug 25, 2015 12:23pm EDT
 
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** Precious metals prices fall on Tuesday as stocks rally after China cuts interest rates to help prop up its economy

** Spot gold down 1.6 pct; U.S. gold futures for December delivery also down 1.5 pct

** Platinum down 2 pct, silver down 1 pct

** RBC Capital Markets cuts price forecast for precious metals, citing downward pressure due to looming Fed rate hike

** Brokerage also cuts rating and price target on a host of precious metals producers

** Newmont Mining down 2.4 pct, Coeur Mining Inc down 4.3 pct

** Stillwater Mining Co down 8 pct, AngloGold Ashanti down 6.8 pct, Primero Mining down 5.5 pct

** Eldorado Gold down 3.7 pct, Seabridge Gold down 3.5 pct, Pretium Resources down 4.6 pct