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BUZZ-Gold miners up as US-China trade war sparks record-breaking bullion rally

ReutersFeb 5, 2025 11:45 AM

U.S.-listed shares of gold miners up premarket as bullion continues its record rally and jumps 1% GOL/

Spot gold XAU= up 0.9% at $2,868.36/ounce, after rising 1% and hitting a record high of $2,869.68 earlier in the session

Gold prices rose, driven by safe-haven demand, amid the escalating U.S.-China trade war, while the spotlight was also on payrolls data from the world's largest economy

Top miner Newmont NEM.N and Barrick Gold GOLD.N up 1.1% and 1.3%, respectively

U.S.-listed shares of South African miners Gold Fields GFI.N up 2.5%, Harmony Gold HMY.N rises ~1% and AngloGold Ashanti AU.N up 1.5%

U.S.-listed shares of Canadian miners Agnico Eagle Mines AEM.N and Kinross Gold KGC.N up 1.3% and 1.7%, respectively

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