Aussie gold stocks climb on robust bullion prices amid Ukraine crisis

Pantoro Gold

17/02/2022 23:47

** The Australian gold index  .AXGD  rises as much as 4.3%
and on track for its best week since Dec 2016, provided the
gains hold
    ** The local gold index tracks gold prices higher, climbs
above $1,900 for the first time since June as investors flocked
to the safety of bullion after U.S. President Joe Biden said
there was every indication Russia was planning to invade Ukraine
  GOL/ 
    ** Gold producer Pantoro Ltd  PNR.AX  led gains on the
sub-index, climbing 8.2% followed by Dacian Gold  DCN.AX , which
is trading 7.6% higher  
    ** Sector heavyweights Northern Star Resources  NST.AX  and
Newcrest Mining  NCM.AX  are up 5.2% and 3.9%, respectively    
    ** Sub-index set to extend gains to a second consecutive
session and hits highest since Jan 21
    ** AXGD down 1.3% this year, as of last close 
    

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))