BUZZ-Gold miners adorn ASX 200 as safe-haven rush propels bullion to record highs

Reuters
14 Mar
BUZZ-Gold miners adorn ASX 200 as safe-haven rush propels bullion to record highs

** Seven out of the top 10 performers in the ASX 200 benchmark index .AXJO are gold miners

** ASX All Ordinaries gold index .AXGD, comprising of 27 gold miners, rises 4% to trade at a record-high; benchmark up 0.4% as of 0216 GMT

** Gains in line with a rapid surge in gold prices as investors rush into the safe-haven assets amid tariff uncertainties; both spot gold XAU= and U.S. gold futures GCcv1 within touching distance of $3,000 an ounce GOL/

** Genesis Minerals GMD.AX up 7.6%, trading at highest level since January 28, 2011; top performer in the benchmark

** ASX shares of Newmont Corp NEM.AX up 4.8% at a three-week high

** Westgold Resources WGX.AX and Bellevue Gold BGL.AX gain 4.9% each, trading at multi-week highs

** AXGD up 25.3% this year, including the day's moves, significantly outstripping the heavyweight ASX 200 Financials index .AXFJ, which is down 6.8%

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))

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