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Mar 03 - 07:55 AM

Gold - Miners Gain As Bullion Firms On Weak US Dollar, Tariffs Concerns

By Katha Kalia  —  Mar 03 - 06:25 AM

• U.S.-listed shares of gold miners rise premarket, as bullion firms after hitting a more than three-week low in the previous session [GOL/]

• Spot gold up 0.5% at $2,873.49/ounce, supported by a weaker dollar and safe-haven demand triggered by concerns over U.S. President Donald Trump's tariff policies

• A weaker U.S. dollar makes bullion less expensive for buyers holding other currencies

• Top miners Newmont and Barrick gold up 1.26% and 1%, respectively

• South African miners Gold Fields up 4.07%, Harmony Gold up 3.2% and AngloGold Ashanti up 0.9%

• Canadian miners Kinross Gold and Agnico Eagle Mines rise 1.3% and 0.5%, respectively

(Reporting by Katha Kalia in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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