Aussie gold stocks hit over 5-week high as bullion prices jump

De Grey Mining

31/12/2021 01:19

** Sub-index of Australian gold explorers  .AXGD  rises as
much as 2% to 6,569 points, its highest since Nov. 24   
    ** AXGD tracks an overnight jump in gold prices, as U.S.
Treasury yields eased from one-month highs, offsetting pressure
from a firm dollar  GOL/  
    ** Spot gold  XAU=  was up 0.5% at $1,813.16 per ounce by
1847 GMT
    ** De Grey Mining Ltd  DEG.AX  rises 3.4% and the top gainer
on the sub-index, Resolute Mining Ltd  RSG.AX , gains 6.9% 
    ** Piedmont Lithium Inc  PLL.AX , Evolution Mining Ltd
 EVN.AX  and AngloGold Ashanti Ltd  AGG.AX  rise between 1.5%
and 4.2%
    ** Sector heavyweights Newcrest Mining Ltd  NCM.AX  rises as
much as 1.6% to its highest since Nov. 22, while Northern Star
Resources Ltd  NST.AX  advances over 2%
    ** AXGD on track for its sharpest single day pct. jump since
Dec. 23 
    ** AXGD down 11.1% this year, as of last close, compared
with a more than 13% rise in the benchmark index  .AXJO 




 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))