Gold stocks: Gold rises as stock sell-off revives safe-haven appeal

DrdGOLD

11/10/2018 12:49

** U.S.-listed shares of gold producers rise as sell-off in
global stock markets prompt investors to seek safety in the
precious metal
    ** Spot gold  XAU=  gained 0.8 percent to $1,203.30 an ounce
by 0947 GMT. U.S. gold futures  GCv1  added 1.1 percent at
$1,206.20 an ounce  urn:newsml:reuters.com:*:nL4N1WR3NB
    ** Gold stocks rise: DRDGOLD  DRD.N  up 8.9 pct, Alamos Gold
 AGI.N  4 pct, Harmony Gold  HMY.N  4 pct, AngloGold Ashanti
 AU.N  up 1.3 pct, Kinross Gold  KGC.N  3.6 pct, Eldorado Gold
 EGO.N  4.3 pct, Newmont Mining Corp  NEM.N  2 pct
    ** Gold has dropped more than 12 pct since hitting a peak in
April, with investors increasingly switching to the safety of
dollar as U.S.-China trade war unfolded against a backdrop of
rising U.S. interest rates

 (Reporting by John Benny)
 ((John.Benny@thomsonreuters.com; +1 646-223-8780; Reuters
Messaging: John.Benny.thomsonreuters.com@reuters.net))