Company News

BUZZ-Gold stocks fall as U.S.-China trade optimism hits safe-haven demand

(Updates share movement, adds more cos)

** U.S.-listed shares of gold miners fall, as investors pile into riskier assets on signs of easing trade tension between the United States and China

** Spot gold down 1.3% at $1,390.82/ounce, U.S. gold futures down 1.45% at $1,393.2/ounce

** U.S.-listed shares of Sibanye Gold, Harmony Gold , AngloGold Ashanti, Yamana Gold, Gold Fields, Alamos Gold and Kirkland Lake Gold down between 2% and 7%

** Barrick Gold down 3.2%; Newmont Goldcorp Corp 2.1%

** The United States and China agreed on Saturday to resume trade talks after U.S. President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei

** Further pressuring gold prices, the dollar index jumped to a more than one-week high on Monday

** Gold prices hit a six-year high last week, due to a dovish outlook from major central banks and escalation of tensions between the United States and Iran (Reporting by Debroop Roy in Bengaluru)