Gold miners drop as bullion prices retreat after record highs

Kinross Gold

16/01/2026 16:05

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

** Spot gold XAU= down 0.9% at $4,571.38/ounce

** Prices fall as investors booked profits after recent record highs, while signs of easing geopolitical tensions further dampened the metal's safe-haven appeal

** However, the metal is poised for its second consecutive weekly gain, of about 1.3%, after scaling a record peak of $4,642.72 on Wednesday

** Top miners Newmont  NEM.N and Barrick Mining  ABX.TO down 1.3% and 2.6% respectively

** U.S.-listed shares of South African miners Gold Fields  GFI.N, AngloGold Ashanti  AU.N, Harmony Gold  HMY.N fall between 1.1% and 2.3%

** Canadian miners: Kinross Gold  K.TO dips 1.3% and Agnico Eagle Mines  AEM.TO falls 1.9%

 (Reporting by Sumit Saha in Bengaluru)

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