Australian gold miners tick up as bullion gains on Gulf diplomacy hopes
22/07/2026 02:43
BUZZ-Australian gold miners tick up as bullion gains on Gulf diplomacy hopes ** Australian gold stocks .AXGD rise as much as 3% in early trade, while the broader benchmark .AXJO trades up 0.4%
** Sub-index logs the largest intraday pct jump since July 16
** Gold prices rose overnight on hopes of a diplomatic breakthrough between the U.S. and Iran, which could ease energy prices and temper expectations of a hawkish Federal Reserve GOL/
** Index leaders Northern Star Resources NST.AX and Evolution Mining EVN.AX rise 3% and 4.5%, respectively
** YTD, AXGD down 18.7%, including the day's moves, lagging behind a 1.3% gain on the AXJO
(Reporting by Nikita Maria Jino in Bengaluru)
Recent news on Evolution Mining
See all newsAustralian gold stocks decline as strong US inflation data weighs on bullion
Australian gold stocks log worst day in two weeks as bullion slips
Australian gold stocks head for best day in nearly 5 months after bullion surge
Australian gold stocks snap four-day winning streak as bullion slides on Fed rate hike bets
Australian gold miners hits 2-month low on soft bullion