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Gold miners gain as US dollar weakens

ReutersMay 23, 2025 10:05 AM

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

Spot gold XAU= up 1% at $3,327.89/ounce; bullion has risen 4% this week, its highest since April 7

Gold prices rise on a weaker U.S. dollar as concerns over the country's fiscal outlook boosted bullion's safe-haven appeal

A weaker U.S. dollar makes the greenback-priced gold cheaper for holders of other currencies

Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N up 1.6% and 1.5% respectively

South African miners Gold Fields GFI.N rise 2.7%, Harmony Gold HMY.N up 3.7%, AngloGold Ashanti AU.N gains 2.7% and Sibanye Stillwater SBSW.N rise 5.5%

Canadian miners Agnico Eagle Mines AEM.TO, AEM.N up 1.6% and Kinross Gold K.TO, KGC.N rise 2.1%

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