BUZZ-Gold miners gain as gold prices rise ahead of Fed meeting

Reuters12-09
BUZZ-Gold miners gain as gold prices rise ahead of Fed meeting

** U.S.-listed shares of gold miners rise, tracking price of bullion premarket GOL/

** Spot gold XAU= up 0.4% at $4,208.39/ounce

** Prices rise as investors position for the widely expected December Federal Reserve rate cut, even as attention shifted to whether policymakers will signal a slower easing path when their two-day meeting begins later in the day

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N both up ~1%

** South Africa's Gold Fields GFI.N rises ~1%

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N gain ~1% and 1.4%, respectively

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))

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