Australian gold stocks advance on strong bullion prices

Vault Minerals

17/06/2024 02:13

** Australian gold stocks sub-index  .AXGD  rise as much as
1.4%
    ** Gold prices clocked their first weekly gain in four, as
signs of slowing inflation in the U.S. raised hopes of a rate
cut later this year and a stock selloff across Europe also lent
support  GOL/ 
    ** Iris Metals  IR1.AX , Capricorn Metals  CMM.AX , and Red
5  RED.AX  topped gains on the sub-index to add between 0.3% and
5%, each
    ** Shares of Northern Star Resources  NST.AX  rose as much
as 1%, while Evolution Mining  EVN.AX  added up to 1.1%
    ** AXGD down 0.6% this year as of last close


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