Gold miners rise on weaker dollar, cooling inflation concerns

Kinross Gold

10/03/2026 14:13

Updates

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

** Spot gold XAU= rises 1.2% to $5,200.29 per ounce

** Gold prices gain buoyed by a pause in the dollar’s rally and easing inflation concerns as oil prices pull back amid receding expectations of a prolonged conflict in the Middle East

** The dollar took a breather after rallying the previous day, supporting gold prices as a weaker dollar makes greenback-priced bullion more affordable for other currency holders

** Top miners Newmont NEM.N and Barrick Mining ABX.TO up 1.3% and ~2%, respectively

** South African miners also gain, with Gold Fields GFIJ.J, GFI.N rising 1.2%, Harmony Gold HARJ.J, HMY.N advancing 1% and Sibanye Stillwater SSWJ.J, SBSW.N gaining 1.3%

** Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO inch up 2.1 and ~2%, respectively

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))