Gold miners rise on potential inflation worries

Franco-Nevada

31/03/2025 11:20

** U.S.-listed shares of gold miners climb, tracking a rise in prices of the precious metal premarket

** Spot gold XAU= up 0.9% at $3,112.33/ounce, while U.S. gold futures GCv1 rise 1.06% to $3,147.30/ounce as worries about potential inflation due to U.S. tariffs set the safe-haven asset up for its strongest quarter since 1986 GOL/

** Top gold miners Newmont NEM.N and Barrick Gold ABX.TO, GOLD.N climb 0.9% and 1.5%, respectively

** U.S.-listed shares of South African miners AngloGold Ashanti ANGJ.J AU.N, Harmony Gold HARJ.J, HMY.N and Gold Fields GFIJ.J, GFI.N up between 1.1% and 1.8%

** U.S.-listed shares of Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N climb 1.5% and 1.7%, respectively

(Reporting by Tanay Dhumal in Bengaluru)

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