Gold miners gain as oil price drop eases inflation, high rate concerns

U.S.- listed shares of gold miners rise premarket, tracking higher prices of bullion GOL/

Spot gold XAU= up 1.6% at $4,545.34/ounce

Prices rise buoyed by a softer dollar and as a drop in oil prices ease concerns about inflation pressures and higher global interest rates, even as conflicting signals from the U.S. and Iran to end the war keep investors on edge

Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N up 4.4% and 4.3%, respectively

South African miners: Harmony Gold HMY.N, Gold Fields GFI.N and Sibanye Stillwater SBSW.N up 6.8%, 6.5% and 4.3%, respectively

Canadian miners Agnico Eagle Mines AEM.TO, AEM.N rise 4.5% and Kinross Gold K.TO, KGC.N gain 4.9%