Australia's gold stocks rise on higher bullion prices

Firefly Metals

13/08/2025 06:49

** Australian gold stocks .AXGD rises as much as 1.6% to their highest since June 24 on rising bullion prices

** Benchmark ASX200 .AXJO down 0.5%

** Gold prices rose slightly as weaker dollar, soft U.S. inflation data bolstered hopes of September rate cut GOL/

** Wia Gold WIA.AX and FireFly Metals FFM.AX lead sub-index gains, rising 4.9% and 6.3%, respectively

** YTD, AXGD gains 42.7% outperforming AXJO's 8.4% rise

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))