Gold miners down as bullion prices edge lower on strong US dollar

Kinross Gold

18/03/2026 16:56

Updates

** Shares of gold miners down, tracking decline in bullion prices GOL/

** Spot gold XAU= down 2.6% at $4,874.19/ounce, after hitting its lowest level since February 6 earlier in the session

** Gold prices fall to a more than one-month low, pressured by a stronger U.S. dollar and a jump in oil prices that stoked inflation fears and reinforced bets that the U.S. Federal Reserve will not cut interest rates soon

** The U.S. dollar inched higher, making gold less affordable for holders of other currencies USD/

** Top miners Newmont NEM.N and Barrick Mining ABX.TO fall 3.1% and 4.8%, respectively

** U.S.-listed shares of South African miners Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N lose between 4.2% and 6.6%

** Canadian miners: Agnico Eagle Mines AEM.TO dips 5.4%; Kinross Gold K.TO, KGC.N falls 6%

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))