Australian gold stocks hit near 1-month high on strong bullion prices

Pantoro Gold

14/03/2023 24:26

** Australian gold stocks  .AXGD  rise as much as 3.8%,
their highest since Feb 15
    ** Gold prices surged on Monday as their safe-haven appeal
drew in investors spooked by the collapse of Silicon Valley Bank
 GOL/ 
    ** AXGD up for a third consecutive session 
    ** Newcrest Mining  NCM.AX , the country's largest gold
miner, advances as much as 4.7% to A$25.150 - set for best day
since Feb 6, if gains hold 
    ** Northern Star Resources  NST.AX  climbs as much as 4.1%
to A$11.530, its highest since Feb 17
    ** Westgold Resources  WGX.AX  leads gains on AXGD, jumping
up to 7.8% to A$1.143, hitting its highest level since Feb 8
    ** AXGD is up 4.2% this year, as of last close, vs a 1% rise
on the benchmark index  .AXJO 
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))