Australian gold miners climb as bullion extends gains

Evolution Mining

07/05/2026 05:45

** Australian gold miners .AXGD rise as much as 4.4%, marking their biggest intraday pct jump since April 8, after the bullion rose for a third consecutive day

** AXGD at its highest level since April 29

** Gains in gold were supported by a softer dollar as hopes grew for a Middle East peace deal after Iran said on Wednesday it was reviewing a U.S. proposal that sources say would formally end the war GOL/

** Shares of Evolution Mining EVN.AX surge 5.5% and Northern Star Resources NST.AX gain 3%

** Sub-index down 6.6% YTD, primarily from losses in March after the Iran war began in late-February

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))