Gold miners fall as investors cash in on rally

• Top miners Newmont NEM.N and Barrick Mining B.N were both down 1.2%.
• South African miners Gold Fields GFI.N, Sibanye Stillwater .N>, AngloGold Ashanti AU.N and Harmony Gold HMY.N fell between 1.8% and 2.3%.
• Canadian miners Agnico Eagle Mines AEM.N slipped 1.6% and Kinross Gold KGC.N fell 1.75%.

U.S.-listed shares of gold miners fell premarket, tracking a decline in bullion prices.

• Spot gold XAU= was down 0.3% at $4,395.04/ounce after rising to a more than two-month high.
• Prices fell as investors took profits following U.S. inflation data that sharply reduced expectations for a Federal Reserve rate hike next month.
• "Arguably the market was over-positioned ahead of soft inflation data — having bought the rumor, it is now selling the fact," said independent analyst Ross Norman.