Australian gold shares rally on price gains and softer U.S. yields

Southern Cross Gold Consolidated

02/06/2026 06:22

** Shares of Australian gold stocks .AXGD rise as much as 2% to 16,727.2, their third-straight day of gains 
** Sub-index tracks gold prices higher, supported by softer U.S. Treasury yields and a partial Hezbollah-Israel ceasefire GOL/ 
** Unico Silver USL.AX and Southern Cross Gold Consolidated SX2.AX led gains on the sub-index, each rising over 13%
** Sector heavyweights Northern Star Resources  NST.AX and St Barbara SBM.AX advanced 12.8% and 3.4%, respectively 
** AXGD up over 5% this year, including the day's move

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