Gold miners fall as strong US jobs data boosts rate-hike bets

Kinross Gold

08/06/2026 12:09

** Shares of gold miners fall premarket, tracking a decline in bullion prices GOL/ 
** Spot gold XAU= down 0.65% to $4,300.77/ounce, its lowest level since March 23
** Bullion prices slip after last week's strong U.S. jobs data boosted expectations of a Federal Reserve rate hike, while Israel and Iran traded strikes, pushing oil prices higher and fuelling inflation concerns
** Top miners Newmont NEM.N and Barrick Gold ABX.TO, B.N down marginally 
** South African miners: Harmony Gold HMY.N dips 3.5%, AngloGold Ashanti AU.N down 3% and Sibanye Stillwater SBSW.N falls 3.2% 
** Canadian miner Kinross Gold K.TO, KGC.N dips marginally   

 (Reporting by Varun Sahay)
 ((Varun.sahay@thomsonreuters.com))