Three leading brokers have highlighted their favourite gold stock picks amid renewed strength in the precious metal and as the weak Australian dollar boosts cash flows, though travel restrictions in Western Australia could challenge production.

The growing economic uncertainty caused by the coronavirus, financial market volatility and a slump in bond yields has stoked a rush back into gold, with its safe haven status driving a rally from a low of $US1470 an ounce on February 19 to about $US1615 an ounce.