Gold miners fall as US-Iran strikes boost inflation fears

Kinross Gold

28/05/2026 12:12

** U.S.-listed shares of gold miners dip premarket, tracking bullion prices GOL/
** Spot gold XAU= down 1.66% at $4,382.95 per ounce
** Prices fall as escalating military tensions between the U.S. and Iran drive up crude oil and the dollar, stoking fears of persistent inflation and higher interest rates
** Top miners Newmont NEM.N and Barrick Mining B.N ABX.TO down 2.2% and 1.3%, respectively
** South African miners: Harmony Gold HMY.N dips ~2%, AngloGold Ashanti AU.N falls 2.4%, and Sibanye Stillwater SBSW.N down 1.1%     
** Canadian miners: Agnico Eagle Mines AEM.TO, AEM.N falls 1.3% and Kinross Gold K.TO, KGC.N down ~2%

 (Reporting by Dharna Bafna in Bengaluru)
 ((dharna.bafna@thomsonreuters.com))