BUZZ-Gold miners down as bullion prices ease after hitting record high

Reuters
02-25
BUZZ-Gold miners down as bullion prices ease after hitting record high

** U.S.-listed shares of gold miners down premarket, tracking a fall in the price of bullion GOL/

** Spot gold XAU= down 0.4% at $2,939.74/ounce, after reaching $2,956.15/ounce on Monday — its eleventh record high this year

** Gold prices ease after hitting record high, however, it hovered near an all-time high as fears of a trade war and instability amid U.S. President Donald Trump's tariff plans drove safe-haven flows

** Shares of top miner Newmont NEM.N and Barrick Gold GOLD.N each down ~1%

** U.S.-listed shares of South African miners Gold Fields GFI.N down 1.5%, AngloGold Ashanti AU.N down 1.6% and Sibanye Stillwater SBSW.N down 4.8%

** U.S.-listed shares of Canadian miners Agnico Eagle Mines AEM.N and Kinross Gold KGC.N each down ~1%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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