Gold miners rise after Trump's reciprocal tariffs

Royal Gold

02/04/2025 23:00

** Shares of gold miners rise, tracking higher bullion prices, aftermarket

** Spot gold XAU= up 0.7% at $3133.57 an ounce, hovering near an all-time high, boosted by safe-haven inflows after U.S. President Donald Trump announced reciprocal tariffs

** Trump says he will impose a 10% baseline tariff on all imports to the U.S. and higher duties on some of the country's biggest trading partners

** Top miner Newmont NEM.N up 1.7%

** AngloGold Ashanti AU.N up 1.4%, Royal Gold RGLD.O up 3.2%

** Meanwhile, U.S.-listed shares of Canadian miners Barrick Gold GOLD.N and Agnico Eagle Mines AEM.N rise 0.7% each, while Kinross Gold KGC.N gains 1.2%

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com))