RPT-CANADA STOCKS-TSX sinks on weak gold, Germany's move

Wed May 19, 2010 4:37pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Repeats to widen distribution)

* TSX down 98.74 points, or 0.84 percent, at 11,665.77

* Gold issues lead broad decline

* Strength in banks helps to cut losses (Updates to close, adds quotes)

By Jennifer Kwan

TORONTO, May 19 (Reuters) - Toronto's main stock index ended lower in a volatile session on Wednesday as gold miners tumbled on sliding bullion prices and investors worried over Germany's surprise crackdown on some speculative trading.

Gold miners were among the top movers to the downside as bullion prices skidded below $1,200 an ounce [GOL/].

Barrick Gold Corp ABX.TO ended down 3.6 percent at C$44.46 with Goldcorp G.TO lower by 4.3 percent at C$44.11. Kinross Gold K.TO shed 4.1 percent to C$18.05 and Agnico-Eagle Mines AEM.TO dropped 4.4 percent to C$61.90.

TSX index was also dragged lower as investors fretted that Germany's ban on some riskier short-selling bets foreshadowed tighter financial regulation in other nations.   Continued...