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Gold miners rise as bullion prices edge up on weaker US dollar

ReutersJul 1, 2025 9:55 AM

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

Spot gold XAU= up 1.2% at $3,345.84/ounce

Gold prices rise as a weaker U.S. dollar and uncertainty over U.S. tariffs loom, along with concerns about the country's fiscal outlook that are driving investors toward safe-haven assets

The U.S. dollar .DXY weakens to its lowest level since early 2022, making gold less expensive for overseas buyers USD/

Top miner Newmont NEM.N and Barrick Mining ABX.TO, B.N each up 1.3%

South African miners Gold Fields GFI.N up 2.5%, AngloGold Ashanti AU.N up 3.8%, Harmony Gold HMY.N up 3.4% and Sibanye Stillwater SBSW.N up 3.3%

Canadian miners Agnico Eagle Mines AEM.TO, AEM.N up 1.3% and Kinross Gold K.TO, KGC.N up 1.7%

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