Gold miners fall as rising yields, strong dollar overshadow safe‑haven demand

Kinross Gold

05/03/2026 15:20

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

** Spot gold XAU= down 0.7% at $5,099.48 per ounce

** Gold prices fall as rising U.S. Treasury yields and a firmer dollar pressures prices, and concerns grow that the escalating conflict in the Middle East could drive up inflation

** Miners Newmont NEM.N and Barrick Mining ABX.TO down 2.5% and 3.3%, respectively

** South African miners Gold Fields GFIJ.J, GFI.N and Harmony Gold HARJ.J, HMY.N slip 4% to 4.3%

** Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO dip 4.4% and ~4%, respectively

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))