BUZZ-Gold miners slip as bullion falls below $4,000/oz mark
Anglogold Ashanti PLC AU | 0.00 | |
Abacus Global Management, Inc. Class A ABX | 0.00 | |
Newmont Corporation NEM | 0.00 | |
Agnico Eagle Mines Limited AEM | 0.00 | |
Kellanova K | 0.00 |
Updates
** U.S.-listed shares of gold miners fall premarket, tracking prices of the precious metal which dropped below $4,000/ounce for the first time since November 2025 GOL/
** Spot gold XAU= down 2.8% at $3,987.19/ounce, pressured by a firmer U.S. dollar and growing expectations that interest rates will remain elevated
** A stronger dollar makes the metal more expensive for holders of other currencies, and higher interest rates makes non-yielding bullion less attractive to investors
** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N fall 4.5% and 3.8%, respectively
** South African miners Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N lose between 6.1% and 6.9%
** Canadian miners: Agnico Eagle Mines AEM.TO, AEM.N dips 3.3%; Kinross Gold K.TO, KGC.N falls 4.1%