BUZZ-Gold miners rise as bullion prices edge higher on safe-haven demand

Reuters
02-03
BUZZ-Gold miners rise as bullion prices edge higher on safe-haven demand

** Shares of gold miners jump as bullion prices hit all-time high GOL/

** Spot gold XAU= up 0.6% at $2,816.29/ounce, after hitting record high of $2,818.58/ounce earlier in session

** Gold prices rose helped by safe-haven inflows after U.S. President Donald Trump's tariffs on Canada, China and Mexico added to concerns of inflation that would dent economic growth

** Gold is often considered as safe-haven investment during periods of economic or geopolitical instability

** Top miners Newmont NEM.N and Barrick Gold ABX.TO up ~1% and 2.1%, respectively

** U.S.-listed shares of South African miners Gold Fields GFI.N up 2.2%, Harmony Gold HMY.N up 2.8%, AngloGold Ashanti AU.N up 2%, Sibanye Stillwater SBSW.N up 1.8%

** Shares of Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO up 3.8% and 3.2%, respectively

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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