June 20, 2019 / 9:30 AM / 4 months ago

BUZZ-U.S.-listed gold producers surge on Fed's rate cut hint

** U.S.-listed shares of gold producers rise after the Federal Reserve signalled possible interest rate cuts later this year

** The news sent gold prices up 2% on Thursday — their highest in more than five years

** Spot gold gained 1.5% to $1,379.71 an ounce by 0915 GMT. U.S. gold futures added 2.7% at $1,381 an ounce

** Gold stocks rise: Yamana Gold up 6.2%, Alamos Gold adds 5.8%, AngloGold Ashanti rises 5.3%, and Barrick Gold gains 3.3%

** Harmony Gold edges 2.4% higher, Newmont Mining Corp gains 3.2%, and Gold Fields up 4%

** Other miners: Coeur Mining is up 4.6%, and Hecla Mining is higher by 3.4%

** Gold has risen more than 8% YTD (Reporting by Karina Dsouza in Bengaluru)

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