Gold miners gain amid renewed tariff threats and a weak US dollar

ReutersMay 23, 2025 3:42 PM

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

Spot gold XAU= up ~2% at $3,357.71/ounce

Gold prices rise on a weaker U.S. dollar and renewed tariff threats from U.S. President Donald Trump

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

Top miners: Newmont NEM.N up 1.5%, Barrick Mining ABX.TO rises marginally

U.S.-listed shares of South African miners: Gold Fields GFI.N rises 4.3%, Harmony Gold HMY.N up ~4%, AngloGold Ashanti AU.N gains 2.8% and Sibanye Stillwater SBSW.N rises ~2%

Canadian miners: Agnico Eagle Mines TO> up 2.6% and Kinross Gold K.TO gain 1%

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