🔴 Kinross Gold is trading 4.35% down in pre-market as oil-driven inflation fears boost rate-hike expectations

Kinross Gold is trading at $23.96, down 4.35% in pre-market as gold prices fall amid higher oil prices, renewed inflation concerns and expectations of further Fed rate hikes.

• Reuters reported spot gold down 1.5% early Monday.
• Broad-market index moves were smaller than Kinross Gold’s decline; no new company-specific explanation surfaced in the search.
• The company’s September 23 update lowered production guidance but raised its shareholder-return target.