January 10, 2018 / 1:08 PM / 9 months ago

BUZZ-Gold stocks: Risk-off mood sets safe havens soaring

** U.S.-listed gold stocks surge as report of China possibly slowing U.S. Treasury purchases dents risk appetite

** Spot gold hits near 4-month high of $1,326.56 per ounce amid broad sell-off in the dollar

** Officials reviewing China’s foreign-exchange holdings have recommended slowing or halting purchase of U.S. bonds, Bloomberg News reported

** Riskier assets shaken: S&P, Nasdaq futures down ~0.5 pct each; Dow futures off 0.4 pct

** Blue chip index Dow Jones Industrial Average likely to open 100 points lower after stellar performance in 2017

** Market for U.S. Treasuries becoming less attractive and trade tensions between the top two world economies are reasons for the recommendation, Bloomberg cites sources as saying

** U.S.-listed gold stocks rise: Sibanye Gold, Harmony Gold, AngloGold Ashanti up between 2-3 pct; Barrick Gold gains 1.4 pct

** In past 12 months, Dow Jones has gained ~28 pct while gold rose ~11 pct

Reporting by Yashaswini Swamynathan in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below