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BUZZ-Gold miners gain as bullion firms on weak US dollar, tariffs concerns

Reuters
Mar 03, 2025
BUZZ-Gold miners gain as bullion firms on weak US dollar, tariffs concerns

** U.S.-listed shares of gold miners rise premarket, as bullion firms after hitting a more than three-week low in the previous session GOL/

** Spot gold XAU= up 0.5% at $2,873.49/ounce, supported by a weaker dollar and safe-haven demand triggered by concerns over U.S. President Donald Trump's tariff policies

** A weaker U.S. dollar makes bullion less expensive for buyers holding other currencies

** Top miners Newmont NEM.N and Barrick gold GOLD.N up 1.26% and 1%, respectively

** South African miners Gold Fields GFI.N up 4.07%, Harmony Gold HMY.N up 3.2% and AngloGold Ashanti AU.N up 0.9%

** Canadian miners Kinross Gold KGC.N and Agnico Eagle Mines AEM.N rise 1.3% and 0.5%, respectively

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))

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