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BUZZ-Gold miners gain amid renewed trade and geopolitical tensions

Reuters
Jun 02, 2025
BUZZ-Gold miners gain amid renewed trade and geopolitical tensions

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

** Spot gold XAU= up 1.8% at $3,346.74/ounce, after hitting its highest level since May 23, earlier in the session

** Gold prices rise as renewed U.S. tariff threats from President Donald Trump and escalating tensions between Russia and Ukraine heightened global trade and geopolitical fear

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N up 1.3% and 1.2%, respectively

** South African miners Gold Fields GFI.N gains 1.3%, AngloGold Ashanti AU.N rises 1.9%, and Harmony Gold HMY.N up 1.4%

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N up 1.6% and 1.7%, respectively

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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