Aussie gold stocks rally for sixth day as bullion hits 5-month peak

Firefly Metals

11/11/2021 24:34

** Australian gold shares  .AXGD  jump 3.1% to 6,830.20,
their highest since Aug. 6 -- on track to post their sixth
consecutive gain session
    ** Gold prices hit a five-month high on Wednesday after data
showed U.S. consumer prices surged last month, increasing the
bullion's appeal as an inflation hedge  GOL/ 
    ** Index heavyweights Newcrest Mining  NCM.AX  and Northern
Star Resources  NST.AX  advance 3.4% and 4%, respectively
    ** Resolute Mining  RSG.AX  soars as much as 8% to A$0.475,
and marks its biggest intraday pct jump since mid-June
    ** Gold explorers Pantoro Ltd  PNR.AX  and Auteco Minerals
 AUT.AX  top two gainers in the index, adding about 7% each
    ** AXGD down 9.7% this year as of last close, against a
12.7% increase in the ASX 200 benchmark index  .AXJO  

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))