Gold stocks gain as coronavirus cases rise in China

NovaGold Resources

13/02/2020 16:46

** Shares of gold miners climb after a sharp rise in new
coronavirus cases and deaths in China dampened risk sentiment,
prompting investors to buy the safe-haven metal  
    ** Spot gold  XAU=  rose 0.7% to $1,575.75 per ounce at 1554
GMT, the highest since Feb. 4  GOL/ 
    ** "Gold will continue to rise until the market is sure as
to what extent the virus has damaged," says Bob Haberkorn,
senior market strategist at RJO Futures
    ** Wesdome Gold Mines  WDO.TO , Barrick Gold  ABX.TO ,
Yamana Gold  YRI.TO , NovaGold Resources  NG.TO , among top pct
gainers on Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE , up between 3.3% and 7%
    ** Kinross Gold's  K.TO  shares were up 1.8%; co on
Wednesday also reported Q4 profit beat on higher gold prices
 urn:newsml:reuters.com:*:nL4N2AC4UY 
    ** Shares of Alamos Gold  AGI.TO , Kirkland Lake Gold
 KL.TO  were up ~1.5%  

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))