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Gold miners fall as traders liquidate positions amid wider market selloff

ReutersApr 4, 2025 2:44 PM

Shares of gold miners slip, tracking a fall in prices of the precious metal

Spot gold XAU= down 2.4% at $3,046.37/ounce, while U.S. gold futures GCv1 fall 1.5% to $3,075.40/ounce GOL/

Gold prices fall as traders liquidated their bullion positions following wider market selloffs, after China's retaliation with fresh tariffs against U.S. President Trump's sweeping levies

Top gold miners Newmont NEM.N and Barrick Gold ABX.TO slips 8% and 6.3%, respectively

U.S.-listed shares of South African miners Gold Fields GFIJ.J, GFI.N down 7.4%, AngloGold Ashanti ANGJ.J AU.N down 8.4%, Harmony Gold HARJ.J, HMY.N down 9.4% and Sibanye Stillwater SSWJ.J, SBSW.N down 14.6%

Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO slip 5.1% and 7.8%, respectively

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