BUZZ - Gold prices slightly retreat due to a stronger US dollar, with gold stocks declining accordingly

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November 10 - ** As gold prices fell over 2%, shares of gold mining companies declined GOL/

** Spot gold XAU= dropped 2.5% to $4,038.86 per ounce after higher-than-expected U.S. inflation data (link) boosted the dollar and U.S. Treasury yields, while also heightening expectations that the Federal Reserve will implement a larger interest rate hike this year

** Shares of major mining companies Newmont Mining NEM.N and Barrick Gold ABX.TO fell 3.6% and 4.7% respectively

** Shares of South African mining companies listed in the U.S.—Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N—fell between 3.8% and about 6%

** Canadian mining companies: Agnico Eagle Mines AEM.TO fell 3.9% and Kinross Gold K.TO dropped 4.6%

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