CANADA STOCKS-TSX pushes higher on gold rally
* TSX gains 54.32 points, or 0.41 percent, to 13,234.07.
* Golds lead rally (Updates to close)
TORONTO, July 12 (Reuters) - Toronto's main stock index closed higher on Tuesday, led up by gains in gold-mining issues as the index reclaimed some of the previous session's steep losses.
Persisting worry about the state of the euro-zone debt crisis kept gold-mining shares aloft through the session on safe-haven buying. Golds led the day's heavyweight risers, but other sectors joined in late in the session after being beaten down earlier.
Goldcorp (G.TO: Quote) rose 4.16 percent to C$50.86, while Barrick Gold (ABX.TO: Quote) gained 2.23 percent to C$45.46. Kinross Gold (K.TO: Quote) advanced 2.54 percent to C$16.17.
Seven of the TSX index's 10 main sectors were higher, led by a 1.78 percent rally in the influential materials group, home to gold miners.
"We started off wobbly because of fears over Europe, but I think many people believe that the Europeans will not let this event, Greece, morph into a situation where a relatively small country overtakes the region," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.
He said Monday's almost 200-point drop was a "hiccup" after a strong rally at the end of last month. The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE finished 54.32 points, or 0.41 percent, higher on Tuesday at 13,234.07.
($1=$0.97 Canadian) (Reporting by Ka Yan Ng; editing by Peter Galloway)
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