BUZZ- US gold stocks lose shine as dollar nears 14-yr high

New York (Nov 18)  US-listed stocks of gold miners slip as dollar surges to a near 14-year high on expectations for a U.S. interest rate hike next month and more infrastructure spending from new Donald Trump administration

 

** Dollar higher as Trump's presidential win stokes talk of higher fiscal spending and tax cuts to jump-start U.S. economy

 

** Dollar rise weighs on gold, which is priced in dollars

 

** Spot gold slides to lowest since May 30 at $1,203.52 an ounce; Silver falls as much as 1.5 pct to $16.42 an ounce

 

** U.S. gold miners down in premarker: Newmont Mining falls 1.5 pct, Coeur Mining Inc lower by 2.2 pct, Hecla Mining sheds 2.2 pct

 

** New York-listed shares of Barrick Gold Corp down 1.9 pct, Harmony Gold Mining down 2.4 pct, Sibanye Gold Ltd slips 3.1 pct, Agnico Eagle Mines Ltd slides 2.5 pct and First Majestic Silver loses 2.8 pct.

Source: Reuters