Gold miners fall as strong US jobs data clouds outlook for rate cuts

ReutersJun 6, 2025 3:25 PM

Shares of gold miners fall, tracking a dip in bullion prices GOL/

Spot gold XAU= fall 0.7% to $3,327.54/ounce

Gold prices slipped after a stronger-than-expected U.S. jobs report dampened hopes for imminent Federal Reserve rate cuts this year

Top miners Newmont NEM.N and Barrick Mining ABX.TO down 3.3% and 1.7%, respectively

U.S.-listed shares of South African miners Gold Fields GFI.N down 3%, AngloGold Ashanti AU.N falls 2.4%, and Harmony Gold HMY.N dips 4.2%

Canadian miners Agnico Eagle Mines AEM.TO dips 3.1% and Kinross Gold K.TO falls 2.4%

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