BUZZ-Gold miners up as bullion prices edge higher

Reuters
2025/02/05
BUZZ-Gold miners up as bullion prices edge higher

Updates

** Shares of gold miners up as bullion prices continue their record run GOL/

** Spot gold XAU= up 1.9% at $2,875.49/ounce, after hitting a record high of $2,877/ounce earlier in the session

** Gold prices rose as investors sought the safe-haven asset amid escalating concerns about the U.S.-China trade war and its potential impact on economic growth

** Earlier this week, China retaliated by imposing tariffs on U.S. goods in response to new U.S. tariffs

** Top miner Newmont NEM.N and Barrick Gold ABX.TO up 4.4% and 2.3%, respectively

** U.S.-listed shares of South African miners Gold Fields GFI.N up 4.4%, Harmony Gold HMY.N rises 1.8% and AngloGold Ashanti AU.N up 3.4%

** Shares of Canadian miners Agnico Eagle Mines .TO> and Kinross Gold .TO> up 3.1% and 2.6%, respectively

(Reporting by Pooja Menon in Bengaluru)

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

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