January 10, 2018 / 1:08 PM / a year 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

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