Aussie gold stocks hit over 3-week high as bullion prices rise

Falcon Metals

22/12/2021 23:40

** The Australian gold index  .AXGD  rises as much as 2.1%
to hit its highest since Nov. 29
    ** Bullion prices rose overnight, helped by a retreat in the
dollar and U.S. Treasury yields as lingering fears that the
Omicron coronavirus variant could throw a wrench in the global
economic recovery.  GOL/ 
    ** Index heavyweights Newcrest Mining  NCM.AX  and Northern
Star Resources  NST.AX  climbed 1.3% and 1.4%, respectively  
    ** Falcon Metals  FAL.AX  traded 9.5% higher be the top
gainer on the sub-index   
    ** Dacian Gold  DCN.AX  and Tietto Minerals  TIE.AX  rose
8.6% and 6%, respectively, to lead gains on the sub-index as
well.    
    ** AXGD is down 13.4% this year, as of last close 

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))