Aussie gold stocks hit over 8-mth high as bullion strengthens

Pantoro Gold

16/01/2023 03:04

** Australian gold stocks  .AXGD  rise as much as 2.3%,
hitting  their highest since May 6, 2022
    ** Sub-index marks fourth consecutive session of gains 
    ** Gold prices held near a nine-month high on Monday, aided
by expectations of a slower pace of interest rate hikes from the
U.S. Federal Reserve  GOL/ 
    ** Pantoro Ltd  PNR.AX  eyes best day since Sept.13, 2022,
gaining 15% - the top gainer on the index 
    ** The country's largest gold miner Newcrest mining  NCM.AX 
advances 2.3% while Northern Star Resources  NST.AX  climbs 3% 
    ** Sub-index was down ~9.1% in 2022
    ** AXGD has risen 11.2% YTD, as of last close 
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))