Australian gold stocks set to end four-week losing streak

De Grey Mining

20/05/2022 03:32

** A sub-index of Australian gold stocks  .AXGD  has gained
4.6% so far this week, set for its first weekly gain in five
    ** On Friday, AXGD jumps as much as 3.2% - its biggest
intraday pct gain since May 5 
    ** AXGD tracks a jump in gold prices - which are near a
one-week high and set for their first weekly gain since
mid-April, as weaker dollar revives demand for safe-haven
bullion  GOL/  
    ** ASX-listed shares of SSR Mining  SSR.AX   SSRM.TO  gain
as much as 7.9% to lead the rally on the AXGD
    ** Newcrest Mining  NCM.AX  jumps as much as 3.2%, while
Northern Star Resources  NST.AX  hits its highest since May 9
    ** Firefinch  FFX.AX  and De Grey Mining  DEG.AX  up 7.3%
and 5.3%, respectively
    ** AXGD down 4.6% this year, as of last close, compared with
5.1% decline in the benchmark index  .AXJO 
    

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))