Australian gold stocks rise as bullion prices hit record high

Predictive Discovery

03/02/2025 23:43

** Australian gold stocks  .AXGD  up 0.5% in early trade,
after it closed 0.9% lower in the previous session
    ** Sub-index hit its highest level since Oct. 30
    ** Gold prices hit an all-time high, as investors flocked to
the safe-haven metal after U.S. President Donald Trump's new
tariff plan added to concerns of inflation that would dent
economic growth  GOL/ 
    ** Predictive Discovery  PDI.AX  rose as much as 9.4% to its
highest level since Oct. 30 after it said China's Zijin Mining &
the Lundin family would acquire stake in co
    ** Gold miner Pantoro  PNR.AX  advanced as much as 9.1%   
    ** Sub-index up 14.8% YTD

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))