Gold miners gain as trade tensions boost safe-haven demand

Royal Gold

16/04/2025 15:00

Updates

** Shares of gold miners rise as bullion surpasses $3,300-mark for the first time

** Spot gold XAU= up 2.54% at $3,309.70/ounce, as a weaker dollar and escalating U.S.-China trade tensions pushes investors towards the safe-haven asset 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 climb 3.9% and 3.2%, respectively

** Royal Gold RGLD.O up 1.5%, and Anglogold Ashanti AU.N jumps 5.9%

** Canadian miners Agnico Eagle Mines AEM.TO up 32% while Kinross Gold K.TO rises 3.3%

** U.S.-listed shares of South African miners Harmony Gold HARJ.J, HMY.N up 6.3% while Gold Fields GFIJ.J, GFI.N rises 5.6%

 (Reporting by Arunima Kumar in Bengaluru)

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