Gold miners fall as investors cash in on rally

Barrick Mining

13/08/2026 13:21

** U.S.-listed shares of gold miners fall premarket, tracking a decline in bullion prices GOL/
** Spot gold XAU= down 0.3% at $4,395.04/ounce after rising to a more than two-month high
** Prices fall 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
** Top miners Newmont NEM.N and Barrick Mining B.N both down 1.2%, respectively
** South African miners Gold Fields GFI.N, Sibanye Stillwater .N>, AngloGold Ashanti AU.N and Harmony Gold HMY.N fall between 1.8% and 2.3%
** Canadian miners Agnico Eagle Mines AEM.N slips 1.6% and Kinross Gold KGC.N down 1.75% 

 (Reporting by Varun Sahay in Bengaluru)
 ((Varun.sahay@thomsonreuters.com))