By Donny Kwok — Feb 05 - 01:26 AM
• Chinese gold miners rise as bullion hits record high on safe-haven demand amid Sino-U.S. trade tension
• Zijin Mining gains as much as 3% to 16.73 yuan, highest since Nov. 11, 2024
• Western Region Gold jumps 5.3%, Shandong Gold Mining surges 5.8% and Zhongjin Gold soars 5.2%
• "China may be more encouraged to keep buying gold for reserves if the trade war escalates," Ilya Spivak, head of global macro at Tastylive, says
• Gold prices hit record high of $2,858.12 per ounce on
Wednesday, bolstered by fears of a new trade war between the
U.S. and China after Beijing slapped tariffs on U.S. imports in
response to new U.S. duties on Chinese goods
(Reporting by Donny Kwok)
Source:
London Stock Exchange Group | Thomson Reuters