Gold miners fall as bullion prices edge lower
GLD•U.S.-listed gold miners fell premarket as spot gold declined 0.5% to $4,121.74 an ounce, with Newmont down 1.3% and several other miners losing 1% to 2.3%.
1. Miners track gold lower
U.S.-listed gold miners fell premarket as spot gold dropped 0.5% to $4,121.74 an ounce. Rising oil prices stoked inflation concerns, while investors looked to next week's Federal Reserve meeting for clues on the U.S. interest-rate outlook. Newmont shares fell 1.3%, and Barrick Mining declined 1.2%; South African miners dropped between about 1% and 2.3%, while Agnico Eagle Mines lost 1.6% and Kinross Gold fell 1.5%.
