BUZZ-Gold miners rise as bullion prices edge up on weak US dollar

Reuters
01-25
BUZZ-Gold miners rise as bullion prices edge up on weak US dollar

Updates

** Shares of gold miners jump as bullion prices climb over 1%, closing in on its all-time-high hit in October GOL/

** Spot gold XAU= up 0.9% at $2,778.03/ounce; prices, which have added 2.9% so far this week, are just $5.63 away from the record high of $2,790.15 hit on Oct. 31

** Gold prices rose as a weakening U.S. dollar on President Donald Trump's push for lower rates and tariff uncertainty drove the metal towards its fourth straight weekly rise

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

** U.S.-listed shares of South African miners Gold Fields GFI.N up 4.6%, Harmony Gold HMY.N rises 4.3%, AngloGold Ashanti AU.N up 1.1%, Sibanye Stillwater SBSW.N rises 5.2%

** Shares of Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO both up marginally

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com))

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