Aussie gold stocks hit two-week high on stronger bullion prices

De Grey Mining

12/09/2022 03:50

** Australian gold stocks  .AXGD  rise as much as 1.4%, hit
their highest levels since Aug 29 
    ** Bullion prices gain as the dollar hovered near recent
lows, with investors' focus being on a key U.S. inflation
reading as it could influence the size of the Federal Reserve's
next interest rate hike  GOL/ 
    ** The sub-index set for its third session of gains
    ** Australia's largest gold miner Newcrest Mining  NCM.AX 
edges 0.7% higher while Northern Star Resources  NST.AX  adds
1.4%
    ** Miner De Grey Mining  DEG.AX  emerges as the top gainer
in the sub-index, climbing over 5.8%
    **  .AXGD  down 24.8% this year, as of last close, versus
with a 7.4% decline in the benchmark index  .AXJO 
 

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))