Gold miners fall as bullion prices edge lower on stronger US dollar
GLD•US-listed gold miners fell premarket as spot gold dropped 0.9% to $3,953.50 an ounce, its lowest level since November 4 earlier in the session.
1. Miners track bullion lower
Gold fell for a third straight session, weighed by a stronger US dollar, expectations of further Federal Reserve monetary tightening and hawkish signals from policymakers. Newmont shares fell 1.3%, while Barrick Mining shares dropped 1%; Gold Fields and AngloGold Ashanti declined 1.8% and 2.2%, respectively. Agnico Eagle Mines lost 1.6% and Kinross Gold fell 1.3%.
