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BUZZ-Gold miners drop as bullion slides on stronger dollar, inflation worries

Reuters
Mar 09
BUZZ-Gold miners drop as bullion slides on stronger dollar, inflation worries

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

** Spot gold XAU= down 1.5% at $5,090.53/ounce

** Bullion prices fall as a stronger U.S. dollar pressures the greenback-priced metal, while rising energy costs stoke inflation worries and reduce the chances of near-term rate cuts

** Top miners Newmont NEM.N and Barrick Mining B.N down 3.9% and ~3%, respectively

** South African miners: Gold Fields GFI.N, Harmony Gold HMY.N, AngloGold Ashanti AU.N and Sibanye Stillwater SBSW.N decline between 3% and 5.5%

** Canadian miners: Agnico Eagle Mines AEM.N falls 2.7% and Kinross Gold KGC.N down 3.5%

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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