Australian gold stocks jump after bullion prices rise overnight

Predictive Discovery

10/03/2023 24:53

** Australian gold stocks  .AXGD  rise 2.1% - on track for
their best session since March 2, if current gains hold
    ** Bullion prices jumped overnight as the dollar retreated,
after data showed U.S. jobless claims grew more than expected
last week  GOL/ 
    ** Newcrest Mining  NCM.AX , the country's largest gold
miner, advances as much as 1.5%, while Northern Star Resources
 NST.AX  climbs 3.6%
    ** Predictive Discovery  PDI.AX  leads gains on the
sub-index, jumping up to 6.1% - on track for best day since Feb.
28, if current gains hold
    ** AXGD set to post a 2.5% drop for the week
    ** AXGD down 0.3% this year, as of last close, vs a 3.9%
rise in the benchmark index  .AXJO 

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))