BUZZ-Chinese miners gain as gold hits record high amid Sino-US tension

Reuters02-05

** Chinese gold miners rise as bullion hits record high on safe-haven demand amid Sino-U.S. trade tension

** Zijin Mining 601899.SS gains as much as 3% to 16.73 yuan, highest since Nov. 11, 2024

** Western Region Gold 601069.SS jumps 5.3%, Shandong Gold Mining 600547.SS surges 5.8% and Zhongjin Gold 600489.SS soars 5.2%

** "China may be more encouraged to keep buying gold for reserves if the trade war escalates," Ilya Spivak, head of global macro at Tastylive, says

** Gold prices hit record high of $2,858.12 per ounce on Wednesday, bolstered by fears of a new trade war between the U.S. and China after Beijing slapped tariffs on U.S. imports in response to new U.S. duties on Chinese goods

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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