Australia's gold stocks jump on firm bullion prices

De Grey Mining

03/06/2022 01:53

** The Australian gold sub-index  .AXGD  climbs as much as
3.4%, set to mark its best day since May 20, if gains hold
    ** Gold prices rose over 1% overnight supported by a dip in
the dollar and data showing U.S. private payrolls rose less than
expected last month  GOL/ 
    ** AXGD posts a weekly gain of 1.7%
    ** Newcrest Mining  NCM.AX , the country's largest gold
miner, gains as much as 2.9% – set to mark its best day since
May 20, if gains hold
    ** Heavyweight Northern Star Resources  NST.AX  advances as
much as 4%, set to mark its best day since May 20, if gains hold
    ** Gold miner De Grey Mining  DEG.AX  advances 6%, eyeing
best day since May 20
    ** Sub-index had fallen 4.4% this year, as of last close,
compared with a 3.6% decline in the benchmark  .AXJO 

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