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Precious metals miners set new peaks, Randgold hits record high

Reuters - UK Focus

LONDON, July 4 (Reuters) - London-listed shares of precious metals miners advanced to new highs on Monday, tracking gains in gold and silver prices, with Randgold Resources climbing to a record high and Fresnillo (Other OTC: FNLPF - news) at its best level since late 2012.

Prices of gold, generally seen as a safe-haven asset in difficult times, have surged 27 percent this year. The metal recorded a nine percent jump last month following a landmark vote by Britons to leave the European Union.

Randgold shares have spiked 120 percent so far this year, while Fresnillo has jumped 166 percent.

Shares (Berlin: DI6.BE - news) in Acacia Mining (LSE: ABG.L - news) were also up 3.4 percent after setting their highest level since late 2012, while Centamin (Toronto: CEE.TO - news) was up about 3 percent after hitting a five-year high earlier in the session. Their shares are up 165 percent and 126 percent respectively so far this year. (Reporting by Atul Prakash; Editing by Sudip Kar-Gupta)