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Company News

REFILE-BUZZ-Gold miners boosted by weaker dollar post 'hawkish' rate cut

(Corrects headline to say miners, not miner)

** U.S.-listed shares of gold miners gain as prices of the yellow metal rise on the back of a weaker dollar and as investors looked for clarity on future U.S. interest rates

** Spot gold XAU= was up 0.2% to $1,497.30 per ounce at 11:24 a.m. EDT (1524 GMT)

** Major gold miners Newmont Goldcorp Corp up ~1%, Barrick Gold Corp 2.8%, Kirkland Lake Gold 2.44%

** Yamana Gold Inc and Gold Fields Ltd up 2%, Iamgold Corp up 2.3%

** Gold also witnessed some safe haven demand after Iran warned the United States against any direct combat in the Middle East following an attack on Saudi oil facilities

** Separately, Reuters reported on Wednesday that China Gold sees Canada’s Iamgold as good fit for acquisition, citing an executive (Reporting by Arundhati Sarkar in Bengaluru)

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