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Jul 01 - 07:55 AM

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

By Pooja Menon  —  Jul 01 - 05:56 AM

• U.S.-listed shares of gold miners rise premarket, tracking rise in bullion prices [GOL/]

• Spot gold up 1.2% at $3,345.84/ounce

• Gold prices rise as a weaker U.S. dollar and uncertainty over U.S. tariffs loom, along with concerns about the country's fiscal outlook that are driving investors toward safe-haven assets

• The U.S. dollar weakens to its lowest level since early 2022, making gold less expensive for overseas buyers [USD/]

• Top miner Newmont and Barrick Mining

each up 1.3%

• South African miners Gold Fields up 2.5%, AngloGold Ashanti up 3.8%, Harmony Gold up 3.4% and Sibanye Stillwater up 3.3%

• Canadian miners Agnico Eagle Mines up 1.3% and Kinross Gold up 1.7%

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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