London's Miners Slide as Precious Metal Prices Fall -- Market Talk

Dow Jones05-15

0732 GMT - London's miners slide in opening trade as silver and gold prices fall. The share slide is most pronounced among the precious metal miners, with Fresnillo and Hochschild Mining both trading down around 5.6%. Peer Endeavour Mining falls 3.4%. Silver futures are down nearly 8% to $78.66 an ounce while gold falls 2.3% to $4,573.8 a troy ounce. This comes as traders bet U.S. interest rates will stay higher for longer after strong U.S. inflation data. Higher rates typically hurt non-yielding assets like silver and gold. Diversified miner Anglo American slides 3.9%. Commodities major Glencore is down 2.4%. (adam.whittaker@wsj.com)

 

(END) Dow Jones Newswires

May 15, 2026 03:32 ET (07:32 GMT)

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