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Gold miners up as bullion prices rise on weak US dollar

ReutersMay 9, 2025 5:15 PM

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

Spot gold XAU= up 0.6% at $3,336.94/ounce; the metal has climbed 3.2% so far this week

Gold prices rose as the U.S. dollar ticked lower, while the market digested comments on tariffs from U.S. President Donald Trump ahead of a weekend meeting between the U.S. and China

Top miner Newmont NEM.N up 1.6% and Barrick Mining ABX.TO rises 1.5%

U.S.-listed shares of South African miners Gold Fields GFI.N up 1.6%, AngloGold Ashanti AU.N up 6.9% and Harmony Gold HMY.N up 3%

Canadian miners Agnico Eagle Mines AEM.TO up 1.9% and Kinross Gold K.TO up 1.5%

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