Gold miners slide as strong US jobs data offsets Iran tensions

Kinross Gold

12/02/2026 15:11

Updates

** Shares of gold miners fall, tracking bullion prices GOL/

** Spot gold XAU= down 0.4% at $5,059.87/ounce

** Prices edged lower as strong U.S. labour data that dampened hopes of near-term Federal Reserve rate cuts offset safe-haven demand stirred by geopolitical tensions between U.S. and Iran

** Miners Newmont NEM.N down marginally and Barrick Mining ABX.TO, B.N falls 1.3%

** South African miners Gold Fields GFIJ.J, GFI.N falls 1.5%, Sibanye Stillwater SSWJ.J, SBSW.N and Harmony Gold HARJ.J, HMY.N each slip marginally

** Canadian miner Agnico Eagle Mines AEM.TO edges lower marginally, Kinross Gold K.TO falls 1.2%

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))