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May 23 - 01:55 PM

Gold - Miners Gain Amid Renewed Tariff Threats And A Weak US Dollar

By Sumit Saha  —  May 23 - 11:43 AM

(Updates)

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

• Spot gold up ~2% at $3,357.71/ounce

• Gold prices rise on a weaker U.S. dollar and renewed tariff threats from U.S. President Donald Trump

• A weaker U.S. dollar makes the greenback-priced gold cheaper for holders of other currencies

• Top miners: Newmont up 1.5%, Barrick Mining

rises marginally

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

rises 4.3%, Harmony Gold up ~4%, AngloGold Ashanti gains 2.8% and Sibanye Stillwater rises ~2%

• Canadian miners: Agnico Eagle Mines up 2.6% and Kinross Gold gain 1%

(Reporting by Sumit Saha in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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