Gold miners fall as bond yields surge to highest levels in decades

Kinross Gold

18/08/2026 17:48

** Shares of gold miners down, tracking lower bullion pricesGOL/
** Spot gold XAU= down 1% at $4,369.82/ounce as Treasury yields surged to their highest levels in decades, with rising energy prices on escalating U.S.-Iran tensions stoking inflation worries and weighing on non-interest-bearing bullion
** "The steepening of the yield curve poses a headwind for gold, while firmer oil prices are also a factor behind today's weakness," said Peter Grant, vice president and senior metals strategist at Zaner Metals
** Top miner Barrick Mining ABX.TO and Newmont NEM.N   down 1.1% and 2.8%, respectively 
** South African miners Gold Fields GFI.N falls ~1%, AngloGold Ashanti AU.N falls 1.15% and Harmony Gold HMY.N falls 2.8% 
**  Canadian miners Agnico Eagle Mines AEM.TO slips 0.6%  and Kinross Gold K.TO down 1.8% 

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