Gold miners fall as gold prices edge lower after hawkish US Fed comments
GLD•US-listed gold miners fell 2% to 3.3% premarket as spot gold slipped 1.6% to $4,074.04 an ounce after a Federal Reserve official said aggressive monetary policy may be needed if inflation continues to rise.
1. Miners track bullion lower
US-listed gold miners fell premarket as spot gold slipped 1.6% to $4,074.04 an ounce, ahead of US consumer price data. Newmont and Barrick Mining each dropped 2.1%; Gold Fields, AngloGold Ashanti, Harmony Gold and Sibanye Stillwater fell between 2% and 3.3%. Agnico Eagle Mines declined 2.6%, while Kinross Gold fell 2.4%.
