Gold miners gain as Trump's tariffs fuel safe-haven demand

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

Spot gold XAU= rises 0.8% to $2,917.61/ounce, driven by safe-haven demand as trade conflicts erupted after U.S. President Donald Trump imposed new tariffs on top three trading partners of the world's biggest economy

Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with doubling of duties on Chinese goods to 20%

Top miners Newmont NEM.N and Barrick Gold GOLD.N up 1% and 1.3%, respectively

South African miners Gold Fields GFI.N up 1.5%, Harmony Gold HMY.N up 1.5% and AngloGold Ashanti AU.N up 1.4%

Canadian miners Kinross Gold KGC.N and Agnico Eagle Mines AEM.N up 1.5% and 1.2%, respectively