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Jan 30 - 01:55 PM

Gold - Miners Gain As Bullion Prices Hit Record High On Safe-Haven Demand

By Pooja Menon  —  Jan 30 - 12:36 PM

(Updates)

• Shares of gold miners jump, as bullion prices hit a lifetime high [GOL/]

• Spot gold up 1.4% at $2,796.15/ounce, hitting its record high level at $2,798.24/ounce earlier in the session

• Gold prices rose on safe-haven demand due to U.S. tariff threats, while the focus was also on a crucial inflation report for clues on the Federal Reserve's policy path

• Top miner Newmont up 3.5% and Barrick Gold

up 4.6%

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

up 4.2%, Harmony Gold rises 3.5%, AngloGold Ashanti up 4.9%, Sibanye Stillwater rises 6.1%

• 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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