Gold miners slide as bullion hits 11-month low
GLD•Gold fell 2.2% to $3,933.56 an ounce after reaching its lowest level since November 2025. Newmont shares fell 3.4%, while US-listed shares of South African miners dropped between 5.7% and 6.1%.
1. Gold prices fall
Spot gold declined 2.2% to $3,933.56 an ounce after touching its lowest level since November 2025. Rising crude oil prices and persistent inflation concerns reinforced expectations of further US interest rate hikes.
2. Miners track bullion lower
Newmont fell 3.4% and Barrick Mining dropped 3.8%. US-listed shares of Gold Fields, AngloGold Ashanti and Harmony Gold fell between 5.7% and 6.1%; Agnico Eagle Mines lost 4.2% and Kinross Gold fell 4.1%.
