Australia's gold stocks rise as gold prices strengthen

De Grey Mining

22/11/2023 24:42

** Australian gold stocks  .AXGD  rise as much as 1.74% to
their highest level since Nov 8
    ** Sub-index up for second consecutive session
    ** Gold prices gained 1% on Tuesday buoyed by expectations
that the Federal Reserve had reached an interest rate peak after
minutes from the U.S. central bank's latest meeting anchored a
cautious approach to more hikes  GOL/ 
    ** De Grey Mining  DEG.AX  up as much as 3.20%, their
highest level since Oct 23
    ** Northern Star Resources  NST.AX  up as much as 2.45%,
their highest level since Nov 8
    ** Evolution Mining  EVN.AX  up as much as 1.57%, their
highest level since July 19
    ** Sub-index up 14.2% this year as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))