Gold stocks tumble on strong dollar ahead of U.S. jobs data

New York (June 1)  US-listed shares of gold companies fell as precious metal dips ahead of U.S. jobs data. Gold also faces pressure from a slightly firmer dollar index, bolstered by higher U.S. treasury yields and solidifying expectations of a rise in U.S. interest rates this month

 

** Spot gold was down 0.2 pct at $1,265.59/ounce; U.S. gold futures traded down 0.5 pct $1,265.6/ounce by 1110 GMT.

 

** U.S.-listed shares of world's biggest bullion producer, Barrick Gold Corp down 0.5 pct.

 

** Among top losers: Sibanye Gold down 7.5 pct, Harmony Gold Mining 3.5 pct, DRD Gold 3.3 pct, IAMGOLD Corp 3 pct, AngloGold Ashanti 2 pct.

 

** Other metals: Spot silver down 1 pct at $17.11 an ounce, Palladium down 0.7 pct at $811.25 an ounce, Platinum down 0.5 pct at $938.40 an ounce.

Source: Reuters