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Mar 13 - 11:55 PM

Gold - Miners Adorn ASX 200 As Safe-Haven Rush Propels Bullion To Record Highs

By Sameer Manekar  —  Mar 13 - 10:27 PM

• Seven out of the top 10 performers in the ASX 200 benchmark index are gold miners

• ASX All Ordinaries gold index , comprising of 27 gold miners, rises 4% to trade at a record-high; benchmark up 0.4% as of 0216 GMT

• Gains in line with a rapid surge in gold prices as investors rush into the safe-haven assets amid tariff uncertainties; both spot gold and U.S. gold futures

within touching distance of $3,000 an ounce [GOL/]

• Genesis Minerals up 7.6%, trading at highest level since January 28, 2011; top performer in the benchmark

• ASX shares of Newmont Corp up 4.8% at a three-week high

• Westgold Resources and Bellevue Gold gain 4.9% each, trading at multi-week highs

• AXGD up 25.3% this year, including the day's moves, significantly outstripping the heavyweight ASX 200 Financials index , which is down 6.8%

(Reporting by Sameer Manekar in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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