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BUZZ-Gold miners climb as US-China trade woes escalate

Reuters
Oct 13
BUZZ-Gold miners climb as US-China trade woes escalate

** U.S.- listed shares of gold miners rise premarket, tracking rise in bullion prices GOL/

** Spot gold XAU= up 1.5% at $4,067.79/ounce, after having hit an all-time high of $4,078.05 earlier in the session

** Prices rise due to safe-haven demand amid renewed U.S.-China trade tensions and expectations of U.S. Federal Reserve interest rate cuts

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N up 3.6% and 2.5%, respectively

** Shares of South African miners Gold Fields GFI.N rise 1.3%, AngloGold Ashanti AU.N up 2.7% and Harmony Gold HMY.N up 3.6%

** Canadian miners Agnico Eagle Mines AEM.TO, AEM.N and Kinross Gold K.TO, KGC.N gain 2.3% and 2.4%, respectively

(Reporting by Katha Kalia in Bengaluru)

((katha.kalia@thomsonreuters.com;))

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