Gold miners fall as bullion prices edge lower on stronger US dollar
23/09/2026 15:29
BUZZ-Gold miners fall as bullion prices edge lower on stronger US dollar Updates
** Shares of gold miners fall, tracking decline in bullion prices GOL/
** Spot gold XAU= down 1.9% at $4,278.10/ounce as hawkish Fed signals bolstered rate-hike expectations, powering the US dollar and weighing on non-yielding bullion
** Dollar at a two-month high makes greenback-priced bullion more expensive for holders in other currencies USD/
** Top miners Newmont NEM.N and Barrick Mining ABX.TO lose 4.2% and 3.5%, respectively
** South African miners Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N drop between 5.8% and 8.1% each
** Canadian miners: Agnico Eagle Mines AEM.TO dips 4%; Kinross Gold K.TO, KGC.N falls 4.2%
(Reporting by Pooja Menon in Bengaluru)