Gold Hits Record High and Miner Stocks Surge Amid Tariff Uncertainty

Key Takeaways

The price of gold hit an all-time high Thursday, with shares of Newmont (

NEM

) and other miners surging along with it as investors sought
safe haven
assets amid tariff-fueled volatility.

The
price of gold
was up nearly 4% Thursday afternoon to a record $3,193.80 per ounce. Meanwhile, Newmont shares rose close to 5%, making it best-performing stock in the S&P 500 Thursday. Barrick Gold (
GOLD
) shares added nearly 4%, while Kinross Gold (

KGC

) climbed 5%, and Gold Fields (

GFI

) jumped over 8% to close at an all-time high.

Long viewed as a safe haven asset, investors have flocked to gold amid
worries about tariffs
and economic uncertainty. Thursday’s rally for gold and miner stocks came as broader markets declined, giving back a significant chunk of Wednesday’s historic gains. (Read

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