Gold miners down as renewed US-Iran tensions dampen rate cut hopes

Kinross Gold

13/04/2026 10:57

** U.S.-listed shares of gold miners down premarket, tracking lower bullion prices GOL/

** Spot gold XAU= down 0.6% at $4,719.54/ounce

** Bullion prices decline as renewed fears of a wider Middle East conflict spurred by failed U.S.-Iran talks boosted oil prices, fueled inflation concerns and reduced expectations of U.S. Federal Reserve rate cuts this year

** Top miners Newmont NEM.N and Barrick Mining B.N fall 2% and 1.7% respectively

** South African miners: Gold Fields GFI.N, AngloGold Ashanti AU.N both down 1.4% and Harmony Gold HMY.N inches down ~2%

** Canadian miners: Agnico Eagle Mines AEM.N AEM.TO dips 1.2% and Kinross Gold KGC.N K.TO slips 1.6%

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))