Gold miners fall as US, China reach deal to slash tariffs

U.S.-listed shares of gold miners fall premarket, tracking a dip in bullion prices GOL/

Spot gold down 3.2% at $3,215.87/ounce, its lowest since May 1

Gold prices declined after the U.S. and China said that they agreed on a deal to slash reciprocal tariffs, sending the dollar higher

Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N down 5.3% and 4.8%, respectively

South African miners Gold Fields GFI.N down 9.7%, AngloGold Ashanti AU.N dips 9.4%, Harmony Gold HMY.N falls 9.3% and Sibanye Stillwater SBSW.N down 6.7%

Canadian miners Agnico Eagle Mines AEM.TO, AEM.N down 5.5% and Kinross Gold K.TO, KGC.N falls 5.3%