Australia's gold stocks climb on firm bullion prices

De Grey Mining

25/05/2022 04:03

** Australian gold sub-index  .AXGD  gains as much as 2.8%,
hitting highest since May 9
    ** Gold prices hovered near two-week high, buoyed by a
pullback in U.S. Treasury yields and the dollar, with downbeat
sentiment in riskier assets adding to safe-haven bullion's
appeal  GOL/ 
    ** The country's largest gold miner, Newcrest Mining
 NCM.AX , gains as much as 2.4%
    ** Heavyweight Northern Star Resources  NST.AX  advances as
much as 3.4%
    ** Gold miners Firefinch  FFX.AX  and De Grey Mining
 DEG.AX  up 1.1% and 3.7%, respectively
    ** Sub-index had fallen 2.1% this year, as of last close,
compared with a 4.2% decline in the benchmark  .AXJO 

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