Gold miners fall after report of US sending more troops to Middle East

Kinross Gold

20/03/2026 15:36

** Shares of gold miners fall, tracking lower prices of the yellow metal GOL/

** Spot gold XAU= falls 1.8% to $4,566.26 per ounce

** Gold prices fall as the dollar strengthens after reports that the U.S. will deploy thousands of additional troops in the Middle East, further fanning concerns of higher oil prices, inflation, and with it, elevated interest rates

** Top miners Newmont NEM.N and Barrick Mining ABX.TO down ~3% and 2.6%, respectively

** South African miners also gain: Gold Fields GFIJ.J, GFI.N dips 4% and Sibanye Stillwater SSWJ.J, SBSW.N falls 1.2%

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N slips 3% and 3.6%, respectively

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))