CANADA STOCKS-TSX makes small gain as gold price glitters
* TSX up 11.54 points, or 0.11 percent, at 10,701.32
* Gold miners rally on big rise in bullion price
* Financials fall after strong performance last week (Adds details, quote)
By Jennifer Kwan
TORONTO, Sept 2 (Reuters) - Toronto's main stock index eked out a slight gain on Wednesday, supported by rallying gold-mining shares, as the bullion price shot to near three-month highs on safe-haven buying due to investor caution about the pace of economic recovery.
Topping the list of heavyweight gainers were Barrick Gold (ABX.TO: Quote), up 8.5 percent at C$41.93, and Goldcorp G.TO, which climbed 9.8 percent to C$43.86. The index's materials group, home to miners and fertilizer companies, gained 6.4 percent.
Gold futures rallied above $980 an ounce as investors sought refuge from recent losses in the equity market. [ID:nL2167301]
Another factor helping to boost the allure of gold was private-sector jobs data on Wednesday that showed U.S. companies cut more jobs than expected in August, pressuring already-fragile investor sentiment.
"People are seeing the job losses are fairly high still. That's having an impact," said Paul Harris, portfolio manager at Avenue Investment Management. Continued...