Gold miners fall after Trump says Iran peace deal 'over'

Sibanye Stillwater

08/07/2026 10:12

** U.S.-listed shares of gold miners fall premarket, tracking prices of the bullion GOL/
** Spot gold XAU= down 1.3% at $4,052.07 per ounce, after U.S. President Donald Trump said an interim peace deal with Iran was "over", sending oil prices higher and stoking fears of inflation and higher U.S. interest rates
** Higher energy prices due to the war have raised concerns of inflation and higher interest rates, weighing on the non-yielding bullion
** Top miners Barrick Mining ABX.TO, B.N and Newmont NEM.N down 2.4% and 2.7%, respectively
** Canadian miners: Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N both fall 2.7%
** South African miners: Harmony Gold HARJ.J, HMY.N drops 6.3%, Sibanye Stillwater SSWJ.J, SBSW.N and Gold Fields GFIJ.J, GFI.N both dip 4.8%

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))