June 3, 2019 / 6:10 PM / a month ago

BUZZ-Gold stocks rise as bullion prices hit over 3-month high

** U.S.-listed shares of gold producers rise as bullion prices hit more than 3-month high

** Spot gold rose 1.48% to $1,324.66/ounce

** U.S.-listed shares of Barrick Gold Corp up 5.1%, Iamgold Corp up 8.6%, Eldorado Gold Corp 11.5%, Gold Fields Ltd ~10%

** Newmont Goldcorp Corp up ~1%, Yamana Gold ~3%

** Investors rushed to the safe haven that is gold on global economic worries related to escalating U.S.-Chinese trade tensions and Washington’s threat of tariffs on Mexico

** “Technically, the gold bulls have gained the overall near-term technical advantage and have momentum now” - Jim Wyckoff, senior analyst at Kitco (Reporting by Debroop Roy in Bengaluru)

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