Australian gold stocks gain as bullion prices edge higher

Firefinch

08/04/2022 01:48

** A sub-index of Australian gold stocks  .AXGD  jumps as
much as 1.8%, tracking an uptick in bullion prices
    ** Gold prices rose as concerns over rising costs and the
Ukraine crisis bolstered its appeal as an inflation hedge and a
safe haven  GOL/ 
    ** Capricorn Metals Ltd  CMM.AX  jumps as much as 7.1% to
hit their biggest intraday pct gain since Feb 14; stock also
tops gains on the sub-index
    ** Firefinch Ltd  FFX.AX  and Red 5 Ltd  RED.AX  add 4.8%
and 2.7%, respectively
    ** Sector heavyweight Newcrest Mining Ltd  NCM.AX  gains
1.2%, while Northern Star Resources  NST.AX  rises as much as
2.6%
    ** AXGD up 7.9% this year, as of last close
    
  

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