Gold miners gain as Iran peace hopes temper inflation concerns

Kinross Gold

16/04/2026 14:59

** Shares of gold miners rise, tracking higher bullion prices GOL/

** Spot gold XAU= up 0.6% at $4,816.14/ounce

** Bullion prices rise as hopes for a peace deal between the U.S. and Iran helped ease inflation concerns and improved prospects of lower interest rates

** Top miner Newmont NEM.N gains 1.3%

** U.S-listed shares of South African miners Gold Fields GFI.N up 1.4%, AngloGold Ashanti AU.N inches up ~1% and Harmony Gold HMY.N rises 5.1%

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))