Gold miners gain as trade tensions boost safe-haven demand

Royal Gold

16/04/2025 10:18

** U.S.-listed shares of gold miners rise in pre-market trade as bullion surpasses $3,300-mark for the first time

** Spot gold XAU= up 2.4% at $3,305.93/ounce, as investors seek safe-haven assets after U.S. President Donald Trump orders a probe into potential new tariffs on U.S. critical mineral imports GOL/

** Gold, traditionally viewed as a safe-haven investment during times of geopolitical and economic uncertainties, has hit multiple record highs this year

** Top gold miners Newmont NEM.N and Barrick Gold ABX.TO, GOLD.N climb 3.5% and 3.4%, respectively

** Royal Gold RGLD.O, Agnico Eagle Mines AEM.TO, AEM.N, Kinross Gold K.TO, KGC.N and Anglogold Ashanti AU.N climb between 3.1% and 6.2%

** U.S.-listed shares of South African miners Harmony Gold HARJ.J, HMY.N up 7.7% while Gold Fields GFIJ.J, GFI.N jumps 7.6%

(Reporting by Arunima Kumar in Bengaluru)

((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))