Gold miners slide as Fed hike bets weigh on bullion

Newmont

29/10/2026 11:41

** US-listed shares of gold miners down premarket, tracking lower bullion prices GOL/
** Spot gold XAU= falls 0.9% to $4,030.77 an ounce as sticky inflation fuels expectations of a Fed rate hike later this year, with investors awaiting US inflation data for clues on the central bank's policy path.
** Top miner Newmont NEM.N down 1.4%
** South African miners: Gold Fields GFI.N, AngloGold Ashanti AU.N and Harmony Gold HMY.N fall between 1.1% and 1.6%
** Canadian miners: Agnico Eagle Mines AEM.N falls ~2%, Kinross Gold KGC.N down 2.9%

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