Gold stocks: Rise as investors look to safe assets amid trade tensions

DrdGOLD

15/10/2018 11:49

** U.S.-listed shares of gold producers rise premarket as
investors sought refuge after a slide in European equities
compounded jitters on global stock markets
    ** Spot gold  XAU=  up 1.1 pct at $1,231.45 an ounce by 0958
GMT, having touched their highest since July 26 at $1,233.26
 GOL/ 
    ** U.S. gold futures  GCcv1  rise 1.1 pct to $1,235
    ** Gold miners up: Drdgold Ltd  DRD.N  rises 10.7 pct,
Barrick Gold Corp  ABX.N  2.8 pct, Harmony Gold Mining Corp
 HMY.N  4.5 pct, AngloGold Ashanti Ltd  AU.N  5.2 pct, Kinross
Gold Corp  KGC.N  2.4 pct, Newmont Mining Corp  NEM.N  1.9 pct
    ** A sell-off in equities market last week, helped gold
break above the narrow trading range of the past 1-1/2 months,
with the metal rising as much as 2.5 pct on Thursday
 urn:newsml:reuters.com:*:nL4N1WR4Y4

 (Reporting by Laharee Chatterejee in Bengaluru)
 ((Reuters Messaging:
Laharee.Chatterjee.thomsonreuters.com@reuters.net))