BUZZ-Gold, silver miners fall as precious metal prices edge lower on firmer US dollar

Reuters02-05 17:55
BUZZ-Gold, silver miners fall as precious metal prices edge lower on firmer US dollar

** U.S.-listed shares of gold and silver miners down premarket, tracking falling prices of the metals GOL/

** Spot gold XAU= down 0.9% at $4,917.61/ounce, retreating from a near one-week high hit earlier in the session

** Spot silver XAG= down 9.3% at $79.88/ounce, after tumbling as much as 15% earlier

** Gold and silver prices fell sharply in a broader market selloff, as the U.S. dollar advanced to a near two-week high and U.S.-China trade tensions showed signs of easing

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N down 2.6% and 1.6%, respectively

** South African miners Gold Fields GFI.N, Sibanye Stillwater SBSW.N, AngloGold Ashanti AU.N and Harmony Gold HMY.N decline between 1.9% and 3.6%

** Silver miners Hecla Mining HL.N down 4.6% and Coeur Mining CDE.N falls 4.4%

** Canadian miners Endeavour Silver EDR.TO, EXK.N falls 5.6%, Silvercorp Metals SVM.TO, SVM.N down 4.4%, Agnico Eagle Mines AEM.TO, AEM.N dips 2.3% and Kinross Gold K.TO, KGC.N down 2.5%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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