Gold miners gain as bullion prices edge up on Trump tariff tensions
ReutersMar 27, 2025 3:14 PM
Shares of gold miners up, tracking a rise in prices of the bullion GOL/
Spot gold XAU= up ~1% at $3,054.55/ounce, after hitting an all-time high of $3057.78/ounce
Gold prices rose as investors sought the safe-haven asset in response to escalating global trade tensions and tumbling equity markets, following U.S. President Donald Trump's announcement of new auto tariffs
Top miners Newmont NEM.N up 2.1% and Barrick Gold ABX.TO up 1.6%
U.S.-listed shares of South African miners Gold Fields GFI.N up 1.3%, AngloGold Ashanti AU.N up 1.9% and Harmony Gold HMY.N up 2.2%
Shares of Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO up 2.7% and 3.5%, respectively
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