Gold miners slide as strong US jobs data weighs on prices

Kinross Gold

12/02/2026 10:53

** U.S.-listed shares of gold miners fall in premarket trading, tracking weaker prices GOL/

** Spot gold XAU= down 0.3% at $5,064.29/ounce

** Gold prices dip after unexpectedly strong January U.S. jobs data dents hopes of rate cuts by the Federal Reserve in the near-term

** Miners Newmont NEM.N and Barrick Mining ABX.TO, B.N down ~1% each

** South African miner Gold Fields GFIJ.J, GFI.N falls 1%, Sibanye Stillwater SSWJ.J, SBSW.N dips ~1%, Harmony Gold HARJ.J, HMY.N slips marginally

** Canadian miner Agnico Eagle Mines AEM.TO, AEM.N edges ~1% lower

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))