Gold miners rise as bullion gains on easing Fed rate hike bets

Kinross Gold

16/06/2026 16:33

** Shares of gold miners rise, tracking higher bullion prices GOL/
** Spot gold XAU= up 0.3% at $4,324.49/ounce, after touching its highest level since June 5 in the previous session
** Prices rise as expectations of a U.S. Federal Reserve rate hike this year ease, after an interim U.S.–Iran peace deal lowers oil prices and inflation fears
** Top miners Newmont NEM.N and Barrick Mining ABX.TO gain about 2% each
** U.S.-listed shares of South African miners Gold Fields GFI.N, Harmony Gold HMY.N and AngloGold Ashanti AU.N rise between 0.3% and 1.5%
** Canadian miners: Agnico Eagle Mines AEM.TO up ~2% and Kinross Gold K.TO up 1.5%

 (Reporting by Sumit Saha in Bengaluru)
 ((Sumit.Saha@thomsonreuters.com;))