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Basic Materials
Large Cap
Market Cap £12.96bn
Enterprise Value £14.12bn
Revenue £3.11bn
Position in Universe 19th / 1840

BUZZ-Australia's gold index hits over 4-week high as bullion prices gain overnight

Fri 27th December, 2019 12:42am
** Australian gold stocks  .AXGD  tack on nearly 2.5% to hit
their highest level in over four weeks
    ** Gold prices rose to a near-two month high overnight,
holding firm above the key $1,500 level, as investors braced for
a robust equity rally to run out of steam  GOL/ 
    ** A slight easing in spot gold prices  XAU=  in early trade
on Friday, however, fails to dent gains among the miners
    ** Index's biggest gold miner Newcrest Mining Ltd  NCM.AX 
gains as much as 1.9% to an over three-week high
    ** Northern Star Resources Ltd  NST.AX  firms 2% to a
two-month high
    ** The smaller Evolution Mining Ltd  EVN.AX  gains 3.9%,
hovers at its highest in two weeks; Resolute Mining Ltd  RSG.AX 
up 3.7% to a seven-week high
    ** Saracen Mineral Holdings  SAR.AX , Dacian Gold  DCN.AX 
and Tribune Resources  TBR.AX  all gain over 4% 
    ** Gold index up 19.3% this year, as of last close,
marginally outpaced by the broader S&P/ASX 200 benchmark's
 .AXJO  20.3% climb

 (Reporting by Rashmi Ashok in Bengaluru)
 ((; +918067491689;))
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