Gold, silver shares fall as Trump Iran comments dent precious metal prices

U.S.-listed shares of gold and silver miners down premarket, tracking falling prices of the precious metals GOL/

Spot gold XAU= down 2.7% at $4,631.46/ounce, after declining more than 4% earlier and snapping a four-day winning streak; Spot silver XAG= slides ~5% to $71.38/ounce

Gold and silver prices decline after U.S. President Donald Trump said Washington would continue its military campaign in Iran in the coming weeks, driving oil prices higher and dampening hopes of interest rate cuts

Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N down ~4% and 3.7% respectively

South African miners: Gold Fields GFI.N, Sibanye Stillwater SBSW.N, AngloGold Ashanti AU.N and Harmony Gold HMY.N decline between 4% and 5.2%

Silver miners Hecla Mining HL.N down 5.1% and Coeur Mining CDE.N falls 5.7%

Canadian miners Endeavour Silver EDR.TO, EXK.N dips 5.1%, Silvercorp Metals SVM.TO, SVM.N falls ~5%, Agnico Eagle Mines AEM.TO, AEM.N slips ~4% and Kinross Gold K.TO, KGC.N down 5.5%