By Micah Maidenberg 
 

Gold company stocks are gaining ground Monday, following an increase in gold prices tied to fears the U.S. and Iran may be headed toward wider conflict.

Shares of Barrick Gold Corp. (ABX.T) and Newmont Goldcorp Corp. (NEM) were up 1.5% and 0.9%, respectively, in morning trading. Gold-focused royalty company Franco-Nevada Corp. (FNV.T) shares rose 1.6%.

Kirkland Lake Gold Ltd.'s (KL.T) stock moved 1.9% higher, while the American depository receipts for South African miner AngloGold Ashanti Ltd. (AU) gained 2.5%.

The continuous contract for gold futures rose 1.5% to $1,576.10, according to FactSet.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

January 06, 2020 10:37 ET (15:37 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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