Gold Miners Fall as Bullion Prices Drop on Fed Rate-Hike Bets

3-line summary

• Spot gold fell 1.5% to $4,095.16 an ounce after a hotter-than-expected inflation report lifted expectations for a Fed rate hike this month, per Investing.com.
• Gold miner shares dropped in tandem: Sibanye Stillwater -2.6%, Agnico Eagle Mines -2.2%, Barrick Mining -1.5%, Kinross Gold and Harmony Gold both -1.6%, Newmont -1.7%, and Gold Fields -0.8%.

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