Gold miners fall as bullion prices edge down
GLD•US-listed gold miners fell premarket as spot gold dropped 1.4% to $4,084.50 an ounce. Newmont declined 2.6%, while South African miners fell between 3.4% and 4.2%.
1. Miners decline premarket
US-listed gold miners fell premarket as bullion prices declined. Spot gold was down 1.4% at $4,084.50 an ounce as rising oil prices stoked inflation concerns and reinforced expectations that interest rates could stay higher for longer. Newmont fell 2.6% and Barrick Mining 2.3%; South African miners dropped between 3.4% and 4.2%, while Agnico Eagle Mines declined 3.9% and Kinross Gold fell 2.7%.
