Gold miner gets boost from weaker dollar post a 'hawkish' rate cut

China Gold International Resources

19/09/2019 17:18

** 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)  GOL/ 
    ** Major gold miners Newmont Goldcorp Corp  NEM.N  up ~1%,
Barrick Gold Corp  GOLD.N  2.8%, Kirkland Lake Gold  KL.N  2.44%
    ** Yamana Gold Inc  AUY.N  and Gold Fields Ltd  GFI.N  up
2%, Iamgold Corp  IAG.N  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  urn:newsml:reuters.com:*:nL5N26A2MM
    ** Separately, Reuters reported on Wednesday that China Gold
sees Canada's Iamgold as good fit for acquisition, citing an
executive  urn:newsml:reuters.com:*:nL2N2691KP

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com))