Australian gold stocks hit over 3-week high as bullion gains

Pantoro Gold

28/12/2023 02:13

** Australian gold stocks  .AXGD  rise as much as 1.3% to
hit its highest level since Dec. 4
    ** Gold prices hit a three-week peak on Wednesday as traders
bought zero-yield bullion in anticipation of U.S. interest-rate
cuts next year  .N 
    ** Gold major Northern Star Resources  NST.AX  rise up to
1.4% to hit its highest level since May 16 
    ** Shares of Evolution Mining  EVN.AX  gain as much as 1.8%
to hit its highest level since Dec. 4 
    ** Shares of Pantoro  PNR.AX  and Kingsgate Consolidated
 KCN.AX  rise up to 8.0% and 4.4%, respectively 
    ** Both Pantoro and Kingsgate hits highest level since early
December and are among the top gainers in the sub-index 
    ** AXGD up 25.7% this year, as of last close vs a 7.4% rise
in the benchmark index  .AXJO 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))