Gold miners fall as bullion pulls back from three-week high

Kinross Gold

12/05/2026 10:53

** U.S.-listed shares of gold miners decline premarket, bullion prices retreat from three-week high GOL/

** Spot gold XAU= down 0.8% at $4,698.48/ounce, after climbing to its highest since April 21 earlier

** Bullion prices fall as hopes of U.S.-Iran deal lift dollar and oil, clouding U.S. rate outlook ahead of key inflation data

** Top miners Newmont NEM.N and Barrick Mining B.N down 0.9% and 1.9%, respectively

** South African miners: Gold Fields GFI.N, AngloGold Ashanti AU.N and Harmony Gold HMY.N decline between 1.3% and 3.7%

** Canadian miners: Agnico Eagle Mines AEM.N falls 1.5% and Kinross Gold KGC.N down 1.4%

 (Reporting by Sumit Saha in Bengaluru)

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