Australian gold stocks gain on stronger bullion prices

St Barbara

20/09/2024 03:09

** Australian gold stocks  .AXGD  up as much as 1.1%, on
track to record their third consecutive session of gains, if
trend holds
    ** The sub-index has gained 1.4% this week so far, and on
track to record its second consecutive week of gains
    ** Gold prices steadied near record highs as markets
absorbed the Federal Reserve's recent significant interest rate
cut, with indications that more reductions could be
forthcoming GOL/ 
    ** Sector heavyweight Northern Star Resources  NST.AX  gains
as much as 1.4%
    ** Gold explorers Genesis Minerals  GMD.AX  and St Barbara
 SBM.AX  advance 3.3% and 5.3%, respectively
    ** Gold sub-index has risen 18.3% this year, as of 0147 GMT

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))