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Gold miners slide as strong US jobs data offsets Iran tensions

ReutersFeb 12, 2026 3:11 PM

Shares of gold miners fall, tracking bullion prices GOL/

Spot gold XAU= down 0.4% at $5,059.87/ounce

Prices edged lower as strong U.S. labour data that dampened hopes of near-term Federal Reserve rate cuts offset safe-haven demand stirred by geopolitical tensions between U.S. and Iran

Miners Newmont NEM.N down marginally and Barrick Mining ABX.TO, B.N falls 1.3%

South African miners Gold Fields GFIJ.J, GFI.N falls 1.5%, Sibanye Stillwater SSWJ.J, SBSW.N and Harmony Gold HARJ.J, HMY.N each slip marginally

Canadian miner Agnico Eagle Mines AEM.TO edges lower marginally, Kinross Gold K.TO falls 1.2%

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