Australian gold stocks hit 3-month high after bullion scales record high

Strickland Metals

02/04/2024 01:31

** Australian gold stocks  .AXGD  rise as much as 3% to hit
their highest level since Dec 29, 2023 
    ** Gold prices hit record high on Monday on growing
expectation that the U.S. Federal Reserve could deliver the
first interest rate cut in June  GOL/ 
    ** Shares of top gold miner Northern Star Resources  NST.AX 
climb up to 3.3% to hit highest level since Nov. 17, 2020 
    ** Evolution Mining  EVN.AX  jumps as much as 3.9% to hit
highest level since Jan. 16 
    ** Shares of SSR Mining  SSR.AX  and Strickland Metals
 STK.AX  rise up to 9.5% and 10.5%, respectively 
    ** SSR and Strickland among top gainers in the sub-index
    ** AXGD down 1.7% this year, as of last close

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))