Australian gold stocks hit over 3-1/2-yr high

Perseus Mining

28/08/2024 02:41

** Australian gold stocks  .AXGD  rise as much as 1.6% to
hit their highest level since Nov. 10, 2020
    ** Sub-index on track for third day of consecutive gains 
    ** Gold prices were little changed, but held near a record
high hit last week on prospects of imminent U.S. rate cuts and
safe-haven demand fuelled by the Middle East crisis
    ** Shares of top gold miners Northern Star Resources
 NST.AX  and Evolution Mining  EVN.AX  climb 0.6% and 1%
respectively
    ** Shares of Perseus Mining  PRU.AX  rise as much as 7.3% to
become one of the top gainers among gold stocks
    ** Perseus hits highest level since July 24
    ** AXGD up 14.8% YTD 
   

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