Gold miners slide as bullion hits 11-month low

Barrick Mining

30/10/2026 13:42

** Shares of gold miners down, tracking lower bullion prices GOL/
** Spot gold XAU= down 2.2% at $3,933.56 an ounce, after touching its lowest since November 2025
** Prices decline as rising crude oil prices and persistent inflation concerns reinforce expectations of further US interest rate hikes
** Top miner Newmont NEM.N down 3.4%, while Barrick Mining ABX.TO falls 3.8%
** US-listed shares of South African miners: Gold Fields GFI.N, AngloGold Ashanti AU.N and Harmony Gold HMY.N fall between 5.7% and 6.1%
** Canadian miners: Agnico Eagle Mines AEM.TO falls 4.2%, Kinross Gold K.TO down 4.1%

(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))