Updates
** Shares of gold miners rise, tracking prices of bullion, which pared earlier gains but was still set for its best day since October 2023 GOL/
** Spot gold XAU= up 3.4% at $3,085.50/ounce, helped by safe-haven inflows amid escalating U.S.-China trade tensions as U.S. President Donald Trump further increased tariffs on China
** Trump says he authorized a 90-day pause on new tariffs for many countries, even as he escalated tariffs on imports from China, raising the rate on the world's second-largest economy to 125%, effective immediately
** The metal is used as a safe investment during times of political and financial uncertainty
** Shares of top miners Newmont NEM.N and Barrick Gold ABX.TO up ~8% and 4.9%, respectively
** U.S.-listed shares of South African miners: Gold Fields GFI.N up 7.5%, AngloGold Ashanti AU.N rises 8.9%, Harmony Gold HMY.N jumps 13.8% and Sibanye Stillwater
** Shares of Canadian miners: Kinross Gold K.TO and Agnico Eagle Mines AEM.TO up 7.6% and 4.5%, respectively
(Reporting by Vallari Srivastava and Katha Kalia in Bengaluru)
((Katha.Kalia@thomsonreuters.com))
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