Australia's gold stocks hit highest in 3 weeks

De Grey Mining

04/04/2022 06:13

** Australian gold stocks  .AXGD  rise 1.6% - top pct
gaining sub-index on the benchmark
    ** Domestic gold stocks firm on boosted demand for the
safe-heaven bullion amid escalations in the Ukraine crisis
    ** However, gold prices was flat on Monday, as the U.S.
dollar and yields firmed after strong jobs data raised
expectation of aggressive rate hikes  GOL/     
    ** Newcrest Mining  NCM.AX , Australia's largest gold miner,
was among top boosts to the sub-index, rising 0.6%
    ** Miner Northern Star Resources  NST.AX  climbs 1.7%,
tracks best day in a week
    ** De Grey Mining  DEG.AX  top-pct gainer on the sub-index
rising 5.9%
    

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))