Harmony Gold Mining shares are trading lower. The company announced the launch of an offering of $500 million guaranteed senior unsecured convertible bonds due 2031.

Shares of precious metals-related companies are trading lower after stronger-than-expected inflation data boosted expectations for a Federal Reserve rate hike in October. Gold and silver prices are declining amid a stronger U.S. dollar and rising Treasury yields, which make non-yielding precious metals less attractive to investors.

Hot Inflation Hits Rate-Sensitive Stocks: These 10 Names Are Falling

Ten stocks falling premarket after September CPI beat forecasts at 3.7%. Rocket Companies and gold miners lead the declines.

Shares of precious metal-related companies are trading lower as gold prices decline while investors await the Federal Reserve's September meeting minutes. The commodity is also facing pressure from rising yields and a stronger dollar.

Constellation Brands, Caribou Biosciences And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session

U.S. stock futures fell; Constellation Brands dropped 5.1% despite beating estimates, while biotech, mining and other stocks declined premarket.