Gold miners fall as bullion prices edge lower on rate hike bets

Kinross Gold

04/09/2026 16:30

** Shares of gold miners down, tracking lower bullion prices GOL/
** Spot gold XAU= down 0.6% at $4,446.58/ounce, on track for a mild weekly decline
** Gold prices fall after stronger-than-expected U.S. jobs data boosted expectations that the Federal Reserve could raise interest rates as soon as this month, denting non-yielding bullion's appeal
** Bullion down more than 2%, hitting an intraday low of $4,364.99/ounce, after the data
** Top miner Newmont NEM.N and Barrick Mining ABX.TO down 1.4% and 1.3%, respectively
** U.S.-listed shares of South African miners: AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N decline between ~1% and 2%
** Canadian miners: Agnico Eagle Mines AEM.TO and Kinross Gold K.TO each down ~1%

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))