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Gold miners fall as bullion drops on rate cut uncertainty, stronger dollar

ReutersOct 31, 2025 4:55 PM

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

Spot gold XAU= down 1% at $3,981.99/ounce, as traders weighed uncertainty around another interest rate cut by the U.S. Federal Reserve this year and dollar index held a near three-month high

Stronger dollar makes gold more expensive for other currency holders while higher interest rates can dampen the bullion's appeal

Top miners Newmont NEM.N and Barrick Mining ABX.TO fall 2.5% and 1.5%, respectively

U.S.-listed South African miners: Sibanye Stillwater SBSW.N falls 4% and Gold Fields GFI.N down marginally

Canadian miners Kinross Gold K.TO and Agnico Eagle Mines AEM.TO fall 2.7% and 1.6%, respectively

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