Updates

** Gold miners rise, tracking bullion prices GOL/

** Spot gold XAU= up 1.8% to $3,230.75 an ounce; after hitting a record high of $3,237.56 earlier in the session, spurred by a weak dollar and concerns due to an intensifying trade war

** Bullion is up over 6% this week

** Newmont NEM.N and Barrick Gold ABX.TO up 6.9% and 4.4%, respectively

** NEM shares up ~24% on the week, on pace for their best week since 1998; brokerage UBS upgrades gold miner to 'buy' from 'neutral' and says co's 2025 outlook looks achievable and will drive positive operational momentum vs low expectations

** UBS also boosts gold price targets for 2025 to $3,100/ounce and for 2026 to $3,500/ounce, up from prior forecast of $2,900 for both years

** U.S.-listed shares of South African miner Gold Fields GFI.N up 5.6%, AngloGold Ashanti AU.N jumps 8.3% and Harmony Gold HMY.N rises 3.7%

** Shares of Canadian miners Kinross Gold K.TO and Agnico Eagle Mines AEM.TO up 4.1% and 4.6%, respectively

(Reporting by Mrinalika Roy & Katha Kalia in Bengaluru)