Australian gold stocks jump on dip-buying as bullion rebounds

Aurum Resources

30/03/2026 01:07

** Australian gold stocks .AXGD rise 2.2% to 16,104.6 points

** Gold prices jumped ~3% on Friday on dip-buying after earlier pullback; remains subdued on Monday GOL/

** Stocks in the sector gain on dip-buying amid lingering Middle East tensions MKTS/GLOB

** Greatland Resources GGP.AX tops gains on sub-index, advancing more than 10%

** West Wits Mining WWI.AX, Beacon Minerals BCN.AX add more than 4% each

** Heavyweights Northern Star Resources NST.AX, Westgold Resources WGX.AX gain 3.4% and 4.2%, respectively

** AXGD, however, has lost ~28% since Iran war began in late-February as stronger dollar, rising bond yields pressured bullion

** AXGD down 14.6% YTD

 (Reporting by Roushni Nair in Bengaluru)

 ((Roushni.nair@thomsonreuters.com))