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BUZZ-Gold miners down as bullion prices fall on profit-taking

ReutersFeb 14, 2025 3:53 PM

Updates

Shares of gold miners down, tracking a fall in prices of the bullion GOL/

Spot gold XAU= down 1.1% at $2,895.88/ounce, but remains on track for a weekly gain of more than 2%. Bullion had hit a record peak of $2,942.70 on Tuesday

Gold prices is poised for its seventh straight weekly rise, driven by fears of a global trade war in the wake of U.S. President Donald Trump's push for reciprocal tariffs, although profit-taking sent prices lower

Top miners Newmont NEM.N and Barrick Gold ABX.TO down 1.3% and 1.1%, respectively

U.S.-listed shares of South African miners Gold Fields GFI.N down ~1%, Harmony Gold HMY.N falls 3.3%, AngloGold Ashanti AU.N down 1.7%, Sibanye Stillwater SBSW.N falls 2.4%

Shares of Canadian miners Kinross Gold K.TO down 1.2% and Agnico Eagle Mines AEM.TO falls 4.2%

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