BUZZ-Gold miners gain as bullion rises on rate cut bets

Reuters12-12
BUZZ-Gold miners gain as bullion rises on rate cut bets 

** U.S.-listed shares of gold miners rise premarket, tracking prices of the precious metal GOL/

** Spot gold XAU= up 0.1% at $4,286.35 per ounce, is on track for a 2.1% weekly gain after hitting its highest since October 21 on Thursday

** Prices rise supported by expectations of more interest rate cuts next year after the U.S. Federal Reserve pushed back against hawkish market bets

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N gain ~2% and 1.4% respectively

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N up 1.7% each

** South African miner Harmony Gold HMY.N up 1%

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))

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