BUZZ - Gold mining stocks decline as a stronger dollar weighs on gold prices; Federal Reserve meeting minutes attract close attention

路透社2026/10/07 11:47

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October 7th - Shares of U.S.-listed gold mining companies fell in pre-market trading, following the decline in gold prices (GOL/). Spot gold (XAU=) dropped by about 1% to $4,118.7 per ounce. The decline in gold prices was due to a stronger U.S. dollar, as investors are also awaiting the Federal Reserve’s minutes from the September meeting to assess policymakers’ support for further interest rate hikes (GOL/). Major mining companies Newmont Mining (NEM.N) and Barrick Gold (ABX.TO, B.N) saw shares fall roughly 2% and 1.5% respectively. U.S.-listed shares of South African mining firms Gold Fields (GFI.N), Harmony Gold (HMY.N), and AngloGold Ashanti (AU.N) dropped between 1.7% and 4.5%. Shares of Canadian mining companies Agnico Eagle Mines (AEM.TO, AEM.N) and Kinross Gold (K.TO, KGC.N) both fell by 1.9%. (For the convenience of non-English speakers, Reuters has automated this report into several other languages. As automated translation may be inaccurate or fail to include needed context, Reuters does not guarantee its accuracy and provides automated translations purely to assist readers. Reuters assumes no responsibility for any damage or loss due to the use of automated translation services.)

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October 7 - ** Shares of US-listed gold mining companies fell in premarket trading, following the downward trend in gold prices GOL/

** Spot gold XAU= dropped about 1% to $4,118.7 per ounce

** Impacted by a stronger US dollar, gold prices (link) fell, while investors are awaiting the Federal Reserve’s September meeting minutes to assess the level of support among policymakers for further interest rate hikes GOL/

** Major mining companies Newmont Corporation NEM.N and Barrick Gold ABX.TO, B.N saw their shares drop about 2% and 1.5%, respectively

** Shares of South African mining companies Gold Fields GFI.N, Harmony Gold HMY.N, and AngloGold Ashanti AU.N listed in the US fell between 1.7% to 4.5%

** Shares of Canadian mining companies Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N all declined by 1.9%

(To assist non-native English speakers, Reuters provides automated translations of its reports in several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the translated text. These translations are provided solely for the convenience of readers. Reuters accepts no liability for any damage or loss caused by reliance on the automated translation function.)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget•2026/10/07 12:02