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Mar 14 - 08:55 AM

Gold - Miners Rise As Bullion Hits Record $3,000/Oz Mark

By Seher Dareen  —  Mar 14 - 06:58 AM

(Corrects spot gold price at 1012 GMT in bullet 2 to $3,000/ounce, not $3,000.71/ounce)

• Shares of gold miners rise, tracking prices of bullion [GOL/]

• Spot gold rose above $3,000/ounce at 1012 GMT (6:12 a.m. ET), hitting a record high, and going as high as $3,004.86/ounce, due to uncertainties around U.S. tariffs on imports and expectations of a rate cut by the Federal Reserve

• Bullion has scaled 13 all-time highs so far this year and is on track for a second straight week of gains

• Shares of top miners Newmont and U.S.-listed shares of Barrick Gold up around 1% each

• U.S.-listed shares of Canadian miners Kinross Gold and Agnico Eagle Mines up 1.3% and 1%, respectively

(Reporting by Seher Dareen in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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