Harmony Gold Mining Stock Drops Nearly 12% Amid Rate Hike Fears

Harmony Gold Mining (NYSE: HMY) stock fell nearly 12% over the week as gold prices declined due to a new forecast from Bank of America predicting three Federal Reserve interest rate hikes in 2026. The potential for higher rates made non-interest-bearing assets like gold less attractive, impacting mining companies.

By Eric Volkman, The Motley Fool Sat, June 27, 2026 at 2:47 AM GMT+3 3 min read · Yahoo Finance · June 26, 2026, 23:47 UTC

Harmony Gold Mining Stock Drops Nearly 12% Amid Rate Hike Fears

Tickers: $HMY

Topics: Fed policy gold interest rates mining stocks

Read the full article at Yahoo Finance

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