Gold miners fall as bullion retreats on yield surge

Gold miners fell broadly after spot gold retreated about 1% as U.S. Treasury yields surged to multi-decade highs and inflation concerns intensified. Rising energy prices tied to escalating U.S.-Iran tensions lifted inflation expectations, pressuring non-yielding bullion and related mining shares. Barrick Mining and Newmont led the decline among major producers, while South African names Gold Fields, AngloGold Ashanti, and Harmony Gold also weakened, alongside Canadian miners Agnico Eagle Mines and Kinross Gold. The move underscores gold’s sensitivity to higher real yields and stronger energy-driven inflation fears, which are currently outweighing traditional safe-haven demand. The article also noted broader weakness in gold futures and a steepening yield curve as key headwinds for the metal.