Gold miners gain amid renewed trade and geopolitical tensions

ReutersJun 2, 2025 9:54 AM

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

Spot gold XAU= up 1.8% at $3,346.74/ounce, after hitting its highest level since May 23, earlier in the session

Gold prices rise as renewed U.S. tariff threats from President Donald Trump and escalating tensions between Russia and Ukraine heightened global trade and geopolitical fear

Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N up 1.3% and 1.2%, respectively

South African miners Gold Fields GFI.N gains 1.3%, AngloGold Ashanti AU.N rises 1.9%, and Harmony Gold HMY.N up 1.4%

Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N up 1.6% and 1.7%, respectively

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