(Updates)
• Shares of gold miners rise as bullion surpasses $3,300-mark for the first time
• Spot gold up 2.54% at $3,309.70/ounce, as a weaker dollar and escalating U.S.-China trade tensions pushes investors towards the safe-haven asset [GOL/]
• Gold, traditionally viewed as a safe-haven investment during times of geopolitical and economic uncertainties, has hit multiple record highs this year
• Top gold miners Newmont and Barrick Gold climb 3.9% and 3.2%, respectively
• Royal Gold up 1.5%, and Anglogold Ashanti jumps 5.9%
• Canadian miners Agnico Eagle Mines up 32% while Kinross Gold rises 3.3%
• U.S.-listed shares of South African miners Harmony Gold
up 6.3% while Gold Fields
rises 5.6%
(Reporting by Arunima Kumar in Bengaluru)
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