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Gold miners fall as bullion heads for worst week in six months

ReutersMay 16, 2025 11:36 AM

U.S.-listed shares of gold miners fall premarket tracking prices of the precious metal, which are headed for their worst week in six months GOL/

Spot gold XAU= down over 2% at $3,171.26 per ounce, pressured by a stronger U.S. dollar and a temporary U.S.-China trade agreement, which dented demand for the safe-haven metal

Top miners Newmont NEM.N and Barrick Mining B.N drop 2.1% and 2.5%, respectively

South African miners Harmony Gold HMY.N, Sibanye Stillwater SBSW.N and Anglogold Ashanti AU.N all drop over 3%

Canadian miners Kinross Gold KGC.N down 2.2% and Agnico Eagle Mines AEM.N down 1.9%

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