Aussie gold stocks set for best day in a week on bullion strength

West African Resources

09/06/2023 04:17

** Australian gold stocks  .AXGD  climb as much as 1.4% -
eyeing their best day since June 2, if gains hold
    ** Bullion prices rose overnight and are on track for a
weekly gain on bets the U.S. Federal Reserve may pause rate
hikes in its meeting next week  GOL/ 
    ** Newcrest Mining  NCM.AX , Australia's biggest listed gold
miner, is up nearly 1% 
    ** Heavyweight Northern Star Resources  NST.AX  climbs 1.9%,
on track for best day since June 2, if gains hold
    ** Gold miner West African Resources  WAF.AX  jumps 4.7%,
eyeing its best day since May 24, if gains hold
    ** WAF is the biggest gainer on the sub-index
    ** AXGD up 16.5% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))