Australian gold miners tick up as bullion gains on Gulf diplomacy hopes

Northern Star Resources

22/07/2026 02:43

** Australian gold stocks .AXGD rise as much as 3% in early trade, while the broader benchmark .AXJO trades up 0.4%
** Sub-index logs the largest intraday pct jump since July 16
** Gold prices rose overnight on hopes of a diplomatic breakthrough between the U.S. and Iran, which could ease energy prices and temper expectations of a hawkish Federal Reserve GOL/
** Index leaders Northern Star Resources NST.AX and Evolution Mining EVN.AX rise 3% and 4.5%, respectively
** YTD, AXGD down 18.7%, including the day's moves, lagging behind a 1.3% gain on the AXJO

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))