Gold miners gain as Israel-Iran tensions fuel safe-haven demand

ReutersJun 13, 2025 9:39 AM

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

Gold prices soar, driven by safe-haven demand as geopolitical tensions escalated in the Middle East following Israel's widescale strikes on Iran

Spot gold XAU= up 1.2% at $3,424.47/ounce, after hitting $3,444.06/ounce, its highest point since April 22

Top miners Newmont NEM.N up 1.7% and Barrick Mining B.N rises 1.2%

South African miner AngloGold Ashanti AU.N rises ~1%

Canadian miners Agnico Eagle Mines AEM.N and Kinross Gold KGC.N rise ~2% and 1.9%, respectively

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