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Gold miners fall after report of US sending more troops to Middle East

ReutersMar 20, 2026 3:36 PM

Shares of gold miners fall, tracking lower prices of the yellow metal GOL/

Spot gold XAU= falls 1.8% to $4,566.26 per ounce

Gold prices fall as the dollar strengthens after reports that the U.S. will deploy thousands of additional troops in the Middle East, further fanning concerns of higher oil prices, inflation, and with it, elevated interest rates

Top miners Newmont NEM.N and Barrick Mining ABX.TO down ~3% and 2.6%, respectively

South African miners also gain: Gold Fields GFIJ.J, GFI.N dips 4% and Sibanye Stillwater SSWJ.J, SBSW.N falls 1.2%

Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N slips 3% and 3.6%, respectively

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