Gold miners drop as bullion falls on dollar strength despite safe-haven demand

Kinross Gold

03/03/2026 10:15

** U.S.-listed shares of gold miners fall premarket, tracking a decline in gold prices GOL/

** Spot gold XAU= down 0.8% at $5,283.87/ounce, as a stronger dollar outweighs safe-haven demand from the escalating U.S.-Israeli air war against Iran

** Top miners Newmont NEM.N and Barrick Mining B.N down 3.3% and 3.1%, respectively

** South African miners Gold Fields GFI.N falls 7.4%, Sibanye Stillwater SBSW.N down 10.2%, Harmony Gold HMY.N declines 3.8%, and AngloGold Ashanti AU.N down 7.3%

** Canadian miners Agnico Eagle Mines AEM.N falls 3.1% and Kinross Gold KGC.N dips 3.2%

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))