Australian gold stocks set for best day in 6-1/2 months as bullion climbs

De Grey Mining

29/09/2022 02:31

** Australian gold stocks  .AXGD  climb as much as 5.2%, on
track for best day since March 7, if gains hold
    ** The gold sub-index set for a third consecutive session of
gains
    ** Bullion prices rose about 2% on Wednesday as a retreat in
the dollar rekindled some of its safe-haven appeal  GOL/ 
    ** Sector heavyweight Newcrest Mining  NCM.AX  climbs as
much as 5.3%, marking its biggest intraday pct gain since Feb 14
    ** Northern Star Resources  NST.AX  climbs as much as 6.4%
and 
    ** Genesis Minerals  GMD.AX  and De Grey Mining  DEG.AX 
rise as much as 9% and 8.7%, respectively
    ** AXGD down 33.5% this year, as of last close, vs a 13.2%
drop in the benchmark index  .AXJO 
 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))