Aussie gold stocks eye best day in 2 weeks on bullion strength overnight

Bellevue Gold

16/06/2023 04:27

** Australian gold stocks  .AXGD  rise as much as 2%, eyeing
their best day since June 2, if current gains hold
    ** Gold bounced back from a three-month low overnight,
supported by a relatively weaker dollar as investors digested a
host of U.S. economic data and the Federal Reserve's "hawkish
pause" on interest rate hikes  GOL/ 
    ** AXGD, however, is set for a second straight weekly loss
    ** Newcrest Mining  NCM.AX , Australia's biggest listed gold
miner, rises 1.1%
    ** Heavyweight Northern Star Resources  NST.AX  jumps 2.9%,
on track to post its best day since June 2, if current gains
hold
    ** Explorer Bellevue Gold  BGL.AX  climbs as much as 6.3%,
eyeing its best day since May 3, if current gains hold
    ** BGL is the biggest gainer on the sub-index
    ** AXGD up over 13.2% this year, as of last close
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))