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BUZZ-Gold miners gain as bullion prices edge up on weak US dollar

Reuters
May 05, 2025
BUZZ-Gold miners gain as bullion prices edge up on weak US dollar

** U.S.-listed shares of gold miners rise premarket, tracking rise in bullion prices GOL/

** Spot gold XAU= up 1.9% at $3,302.91/ounce

** Gold prices were supported by a softer U.S. dollar, as investors waited to see how U.S.-China trade relations will unfold, and for the Federal Reserve's policy meeting due later this week

** Top miners Newmont NEM.N up 2.7% and Barrick Gold ABX.TO, GOLD.N up 2.5%

** South African miners Gold Fields GFI.N up 5.3%, AngloGold Ashanti AU.N up 5.8%, Harmony Gold HMY.N up 4.8% and Sibanye Stillwater SBSW.N up 1.5%

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N up 3.3% and Kinross Gold K.TO, KGC.N up 2.6%

(Reporting by Pooja Menon in Bengaluru)

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

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