April 19, 2017 / 3:22 PM / 6 months ago

BUZZ-Gold stocks: Metal slumps as dollar gains momentum

** U.S.-listed shares of gold miners dip as precious metal falls, hurt by strong dollar

** However, tensions over North Korea and upcoming French, UK elections underpin investor demand in the safe-haven asset

** “The gold price is reflecting the uncertainty of the global economy. Even if the U.S. economy is posting significant growth, sentiment in markets is mixed,” says Andrea Aratoli, head of trading at precious metals processing company Argor-Heraeus

** Spot gold down 0.8 pct at $1279.16/ounce; U.S. gold futures fall 1 pct to $1281.3/ounce at 1501 GMT

** Global dollar index touches a high of 99.83 from the previous close of 99.499

** Shares of Barrick Gold, world’s biggest bullion producer, down 2.2 pct at $19.28

** Top losers: Hecla Mining Co 5.8 pct, Sibanye Gold Ltd 5.4 pct, IAMGOLD Corp 4.5 pct, Yamana Gold Inc 4.2 pct, Harmony Gold Mining Co Ltd 4.1 pct

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