Company News

BUZZ-US-listed gold miners fall after Fed tempers aggressive rate cut hopes

** Shares of U.S.-listed gold miners fall premarket on signs that the U.S. Federal Reserve will not resort to aggressive interest rate cuts in July

** Spot gold down 1.1% at $1,407.80 per ounce, U.S. gold futures down 0.6% to $1,410.60

** Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” and that its policymakers are wrestling with whether to cut interest rates as President Donald Trump has demanded

** U.S.-listed shares of Yamana Gold Inc, Harmony Gold Mining Co, Sibanye Gold, AngloGold Ashanti , Barrick Gold, and Kirkland Lake Gold fall between 1.5% and 3% premarket

Reporting by Shradha Singh in Bengaluru