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

Shares of gold miners rise, tracking increase in bullion prices GOL/

Spot gold XAU= rises 0.9% to $2,918.90/ounce, driven by weaker dollar and heightened safe-haven demand amid escalating trade conflicts following U.S. President Donald Trump's imposition of new tariffs

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 ABX.TO up 1.2% and 1.1%, respectively

U.S.-listed shares of South African miners Gold Fields GFI.N up 1%, AngloGold Ashanti AU.N up 2%

Canadian miners Kinross Gold K.TO and Agnico Eagle Mines AEM.TO up ~1% and 1%, respectively