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Feb 03 - 11:55 AM

Gold - Miners Rise As Bullion Prices Edge Higher On Safe-Haven Demand

By Pooja Menon  —  Feb 03 - 10:48 AM

• Shares of gold miners jump as bullion prices hit all-time high [GOL/]

• Spot gold up 0.6% at $2,816.29/ounce, after hitting record high of $2,818.58/ounce earlier in session

• Gold prices rose helped by safe-haven inflows after U.S. President Donald Trump's tariffs on Canada, China and Mexico added to concerns of inflation that would dent economic growth

• Gold is often considered as safe-haven investment during periods of economic or geopolitical instability

• Top miners Newmont and Barrick Gold up ~1% and 2.1%, respectively

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

up 2.2%, Harmony Gold up 2.8%, AngloGold Ashanti

up 2%, Sibanye Stillwater up 1.8%

• Shares of Canadian miners Agnico Eagle Mines and Kinross Gold up 3.8% and 3.2%, respectively

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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