May 31, 2019 / 11:24 AM / 5 months ago

BUZZ-Gold cos rise as latest Trump tariff threat drives investors to safe havens

** U.S.-listed shares of gold producers rise after prices of the precious metal scaled to more than two-week highs

** Spot gold jumped 0.8% to $1,298.76 an ounce by 0951 GMT, its highest since May 15; bullion has risen by ~1.2% this month

** U.S.-listed shares of Barrick Gold Corp up ~2%, Harmony Gold gains 3%, Newmont Goldcorp Corp rose 1.7% premarket

** Yamana Gold and Iamgold Corp up between 0.5% and ~1%

** Gold was set for its first monthly gain in four months after Trump’s threat of tariffs on Mexico exacerbated fears of a global economic downturn, driving investors to perceived safe havens

** The yellow metal is also on track for a second consecutive weekly gain, advancing by ~1% (Reporting By Arundhati Sarkar in Bengaluru)

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