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BUZZ-Gold miners gain as bullion prices edge up on safe-haven demand

Reuters·03/28/2025 10:02:48
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BUZZ-Gold miners gain as bullion prices edge up on safe-haven demand

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

** Spot gold XAU= up 0.6% at $3,073.20/ounce, after hitting an all-time high of $3,086.21/ounce earlier in the session

** Gold prices rise as U.S. President Donald Trump's fresh tariffs fueled fears that the global trade war will further intensify and prompted investors to seek refuge in the safe-haven metal

** Top miners Newmont NEM.N and Barrick Gold GOLD.N each up ~1%

** South African miners Gold Fields GFI.N up ~3%, AngloGold Ashanti AU.N rises 2.5%, Harmony Gold HMY.N up 3% and Sibanye Stillwater SBSW.N rises 1.6%

** Canadian miners Agnico Eagle Mines AEM.N up ~1% and Kinross Gold KGC.N up marginally


(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com))