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Gold miners fall as bullion pulls back from three-week high

ReutersMay 12, 2026 9:53 AM
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U.S.-listed shares of gold miners decline premarket, bullion prices retreat from three-week high GOL/

Spot gold XAU= down 0.8% at $4,698.48/ounce, after climbing to its highest since April 21 earlier

Bullion prices fall as hopes of U.S.-Iran deal lift dollar and oil, clouding U.S. rate outlook ahead of key inflation data

Top miners Newmont NEM.N and Barrick Mining B.N down 0.9% and 1.9%, respectively

South African miners: Gold Fields GFI.N, AngloGold Ashanti AU.N and Harmony Gold HMY.N decline between 1.3% and 3.7%

Canadian miners: Agnico Eagle Mines AEM.N falls 1.5% and Kinross Gold KGC.N down 1.4%

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