Gold miners rise as bullion prices climb 1% after Trump imposes new tariffs

ReutersJul 11, 2025 3:40 PM

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Shares of gold miners rise, tracking rise in bullion price GOL/

Spot gold XAU= up 1% at $3,355.89/ounce, its highest price since July 3

Prices rise as investors rush towards safe-haven assets after U.S. President Donald Trump widened the global trade war with an announcement of new tariffs

Top miners Newmont NEM.N and Barrick Mining ABX.TO up marginally

South African miners Gold Fields GFI.N up 1%, Harmony Gold HMY.N rises 1.4%, AngloGold Ashanti AU.N up marginally and Sibanye Stillwater SBSW.N gains 2.9%

Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO up 1.4% and 1.6%, respectively

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