Gold miners fall as bullion prices sink on hawkish Fed tone

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

Spot gold XAU= down 2% at $4,717.99/ounce, its lowest since Feb 6

Bullion prices dip, weighed down by a stronger dollar and a hawkish Federal Reserve, which limited hopes for near-term interest rate cuts

Top miners Newmont NEM.N and Barrick Mining B.N down ~6% and 5.3% respectively

South African miners Gold Fields GFI.N down 7.9%, Harmony Gold HMY.N falls 5.8%, AngloGold Ashanti AU.N dips 8.5% and Sibanye Stillwater SBSW.N decline 9.1%

Canadian miners Agnico Eagle Mines AEM.N falls 4.9% and Kinross Gold KGC.N decline 5.3%