Gold miners fall as hot US inflation data boosts Fed hike bets

Kinross Gold

14/10/2026 14:40

** Shares of gold miners fall, tracking lower prices of bullion GOL/
** Spot gold XAU= down 1.5% at $4095.16/ounce
** Prices fall as a stronger-than-expected inflation reading increased US Federal Reserve rate hike bets for this month.
** Top miners Barrick Mining ABX.TO, B.N and Newmont NEM.N fall 1.5% and 1.7%, respectively
** South African miners: Harmony Gold HMY.N, Gold Fields GFI.N and Sibanye Stillwater SBSW.N down 1.6%, 0.8% and 2.6%, respectively
** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N dips 2.2%, Kinross Gold K.TO, KGC.N down 1.6%

 (Reporting by Katha Kalia in Bengaluru)
 ((katha.kalia@thomsonreuters.com))