Gold miners fall as bullion drops on oil-fueled inflation fears
Today 16:13
BUZZ-Gold miners fall as bullion drops on oil-fueled inflation fears Updates
** Shares of gold miners down, tracking decline in bullion prices GOL/
** Spot gold XAU= down 1.9% at $4,060.86/ounce
** Prices fall as higher oil prices stoke inflation concerns and reinforce expectations that interest rates could stay elevated for longer, while investors look ahead to next week's Federal Reserve meeting
** Top miners — Newmont NEM.N and Barrick Mining ABX.TO fall 3.8% and 5.1% respectively
** US-listed shares of South African miners Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N drop between 3.5% and 5.6%
** Canadian miners: Agnico Eagle Mines AEM.TO dips 5.1%, Kinross Gold K.TO falls 4%
(Reporting by Pooja Menon and Pranav Mathur in Bengaluru)