Australian gold miners rise as bullion prices hold steady

Predictive Discovery

05/01/2024 24:07

** Australian gold sub-index  .AXGD  rose as much as 0.8% at
7055.3 points, its biggest intra-day gain since Dec. 28 
    ** Gold held steady in the previous session after four days
of decline, as investors braced for the U.S. non-farm payrolls
data that could influence the Federal Reserve's interest-rate
path  GOL/ 
    ** Predictive Discovery  PDI.AX , Capricorn Metals  CMM.AX ,
and ASX-listed shares of Newmont  NEM.AX  topped gains on the
sub-index to add 2.5%, 1.3% and 1.0%, respectively
    ** Silver Lake Resources  SLR.AX  and Evolution Mining
 EVN.AX  climbed over 1%, each 
    ** AXGD, however, is on track to log its worst week since
late-September, having lost over 4% in value so far 
    ** AXGD on track to snap from a four-day losing streak 
    ** The sub-index rose 24.5% in 2023, vs a 7.8% increase in
the benchmark S&P/ASX 200 index  .AXJO   

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))