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Gold miners gain as safe-haven demand lifts bullion prices to 2-week peak

ReutersMay 6, 2025 9:55 AM

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

Spot gold XAU= up 1.3% at 3,378.20, after hitting its highest since April 22 earlier in the session

Gold prices rise as tariff threats from U.S. President Donald Trump lift demand for the safe-haven metal, while the Federal Reserve's policy decision remains in focus

Top miners Newmont NEM.N rise 1.7% and Barrick Gold ABX.TO, GOLD.N up 1.5%

South African miners AngloGold Ashanti AU.N up ~2% and Harmony Gold HMY.N rise 2.7% and Sibanye Stillwater SBSW.N up 1.9%

Canadian miners Agnico Eagle Mines AEM.TO, AEM.N up 2.1%, Kinross Gold K.TO, KGC.N rise 1.9%

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