Gold Hits Record High and Miner Stocks Surge Amid Tariff Uncertainty

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 Investopedia’s live coverage of today’s market action here.)