Gold miners rise as bullion edges past $4,800 on Greenland tensions

U.S.-listed shares of gold miners rise premarket, tracking the price of the bullion that has zoomed past the $4,800 an ounce mark

Spot gold XAU= rises 2% to $4,859.09 per ounce after investors sought the metal as a safe haven following a broad selloff in U.S. assets amid heightened tensions between the U.S. and NATO over Greenland

"I think crossing $4,800 just reinforces that people don't want to sell gold before $5,000" - Nicholas Frappell, global head of institutional markets at ABC Refinery

Top miners Newmont NEM.N and Barrick Mining B.N both up over 2%

South African miners rise, with Sibanye Stillwater SBSW.N gaining 1.5%, Gold Fields GFI.N adding 2.4% and Harmony Gold HMY.N up 2.7%

Canadian miners Kinross Gold KGC.N and Agnico Eagle Mines AEM.N both gain 3.5%