Gold miners gain as safe-haven demand lifts bullion prices to 2-week peak
ReutersMay 6, 2025 5:26 PM
Shares of gold miners gain, tracking rise in bullion prices GOL/
Spot gold XAU= up 1.9% at $3,395.94/ounce, after hitting its highest since April 22 earlier in the session
Gold prices rise supported by post-holiday buying from China and concerns over potential U.S. tariffs on pharmaceutical imports, while investors await the outcome of the Federal Reserve's policy meeting
Top miners Newmont NEM.N rise ~2% and Barrick Gold ABX.TO up 1.6%
South African miners AngloGold Ashanti AU.N up 3.6%, Harmony Gold HMY.N rise 2.5% and Sibanye Stillwater SBSW.N gains 4.1%
Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO rise 2.7% each
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