Gold miners fall as traders liquidate positions amid wider market selloff

Franco-Nevada

04/04/2025 15:44

** Shares of gold miners slip, tracking a fall in prices of the precious metal

** Spot gold XAU= down 2.4% at $3,046.37/ounce, while U.S. gold futures GCv1 fall 1.5% to $3,075.40/ounce GOL/

** Gold prices fall as traders liquidated their bullion positions following wider market selloffs, after China's retaliation with fresh tariffs against U.S. President Trump's sweeping levies

** Top gold miners Newmont NEM.N and Barrick Gold ABX.TO slips 8% and 6.3%, respectively

** U.S.-listed shares of South African miners Gold Fields GFIJ.J, GFI.N down 7.4%, AngloGold Ashanti ANGJ.J AU.N down 8.4%, Harmony Gold HARJ.J, HMY.N down 9.4% and Sibanye Stillwater SSWJ.J, SBSW.N down 14.6%

** Canadian miners Agnico Eagle Mines AEM.TO and Kinross Gold K.TO slip 5.1% and 7.8%, respectively

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))