Gold miners slide as bullion drops on strong US jobs report
05/06/2026 15:49
BUZZ-Gold miners slide as bullion drops on strong US jobs report ** Shares of gold miners fall, tracking a decline in bullion prices GOL/
** Spot gold XAU= falls 2.8% to $4,347.14/ounce, down about 3.8% so far this week
** Bullion prices slip after a stronger-than-expected U.S. jobs report reinforces expectations the Fed will keep rates higher for longer amid Middle East-driven inflation concerns
** Top miners Newmont NEM.N and Barrick Mining ABX.TO down 5.8% and 4.9%, respectively
** U.S.-listed shares of South African miners: Gold Fields GFI.N down 5.8%, AngloGold Ashanti AU.N decline 7.3% and Harmony Gold HMY.N dips 8%
** Canadian miners: Kinross Gold K.TO down ~6% and Agnico Eagle Mines AEM.TO dips 5.3%
(Reporting by Sumit Saha in Bengaluru)