Gold miners fall as bullion prices slip after U.S. inflation data boosts Fed hike bets - GDX News | RalliesGold miners fall as bullion prices slip after U.S. inflation data boosts Fed hike bets
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GDX• Gold miners track lower bullion prices
- Shares of gold miners were down, tracking lower bullion prices.
- Spot gold
XAU= dropped 1% at $4,358.09/ounce.
- Prices fell after robust U.S. inflation data and rising oil prices increased bets for a Federal Reserve rate hike next week.
- Top miners Newmont
NEM.N and Barrick Mining ABX.TO were down about 2% and 1.8% respectively.
- U.S.-listed shares of South African miners Harmony Gold
HMY.N and Gold Fields GFI.N were down about 2% and 2.4%.
- Canadian miners Agnico Eagle Mines
AEM.TO and Kinross Gold K.TO were down 2% and 3.4%.
