Gold miners gain as bullion rises amid geopolitical risks, trade tensions

Nano Nuclear Energy

23/10/2025 14:53

Updates

** Shares of gold miners up, tracking a rise in prices of bullion GOL/

** Spot Gold XAU= up 0.9% at $4,138.25/ounce; bullion fell to a near two-week low in the previous session

** Prices rise as U.S. sanctions against Russia and possible new export controls on China add to geopolitical risks, buoying demand for safe-haven assets

** Top miners Barrick Mining ABX.TO and Newmont NEM.N up 2.7% and 1.6%, respectively

** U.S.-listed shares of South African miners Gold Fields GFI.N rise 3.4%, AngloGold Ashanti AU.N gain 1.9% and Harmony Gold HMY.N up 1.2%

** Canadian miners Agnico Eagle Mines AEM.TO rise ~1% and Kinross Gold K.TO up marginally

 (Reporting by Katha Kalia in Bengaluru)

 ((Katha.Kalia@thomsonreuters.com))