Picture of Agnico Eagle Mines logo

AEM — Agnico Eagle Mines News Story

0.000.00%
ca flag iconLast trade - 00:00
Basic MaterialsBalancedLarge CapNeutral

Gold miners fall as bullion drops on inflation, rate concerns

BUZZ-Gold miners fall as bullion drops on inflation, rate concerns

** U.S.-listed shares of gold miners fall premarket, tracking lower bullion prices GOL/

** Spot gold XAU= down 1.9% at $3,983.64/ounce, pressured by inflation worries linked to ongoing Middle East tensions and uncertainty over U.S. interest rates

** "Any renewed escalation could drive oil prices higher, reinforce inflation concerns, and strengthen rate hike expectations, potentially weighing on gold," says Critical Metals CEO Tony Sage

** Top miners: Newmont NEM.N and Barrick Mining B.N decline 1.8% and 1.4%, respectively

** South African miners: Gold Fields GFI.N, Harmony Gold HMY.N and AngloGold Ashanti AU.N fall between 1.3% and 2.4%

** Canadian miners: Agnico Eagle Mines AEM.N falls 1.7% and Kinross Gold KGC.N down ~2%


(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

Recent news on Agnico Eagle Mines

See all news