Aussie gold miners gain as bullion rises after Trump doubles India tariffs

Westgold Resources

07/08/2025 06:18

** Australian gold stocks .AXGD rise as much as 1.7% to their highest since June 25; last up 1.1% as of 0511 GMT

** Sub-index tracks bullion prices, which rose after Trump slapped additional 25% tariff on Indian imports, boosting safe-haven demand O/R

** AXGD set for fourth consecutive session of gains

** Evolution Mining EVN.AX gains as much as 1.5%; Westgold Resources WGX.AX rises more than 5%

** WGX among top gainers on ASX200 index .AXJO

** AXGD up ~40% YTD

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))