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Jan 24 - 01:55 PM

Gold - Miners Rise As Bullion Prices Edge Up On Weak US Dollar

By Pooja Menon  —  Jan 24 - 11:41 AM

(Updates)

• Shares of gold miners jump as bullion prices climb over 1%, closing in on its all-time-high hit in October [GOL/]

• Spot gold up 0.9% at $2,778.03/ounce; prices, which have added 2.9% so far this week, are just $5.63 away from the record high of $2,790.15 hit on Oct. 31

• Gold prices rose as a weakening U.S. dollar on President Donald Trump's push for lower rates and tariff uncertainty drove the metal towards its fourth straight weekly rise

• Top miners Newmont and Barrick Gold each up ~1%

• U.S.-listed shares of South African miners Gold Fields

up 4.6%, Harmony Gold rises 4.3%, AngloGold Ashanti up 1.1%, Sibanye Stillwater rises 5.2%

• Shares of Canadian miners Agnico Eagle Mines and Kinross Gold both up marginally

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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