Australian gold stocks gain on steady bullion prices

Westgold Resources

16/08/2024 05:17

** Australian gold stocks  .AXGD  rise as much as 1.7% to
their highest level since July 25
    ** Sub-index on track for its best week since mid-July, if
gains hold
    ** Gold prices steadied on Friday and were headed for a
weekly gain on optimism about a U.S. interest rate cut  GOL/ 
    ** Gold miners Evolution Mining  EVN.AX  and Westgold
Resources  WGX.AX  up 2.5% and 1.4%, respectively 
    ** Sub-index has risen 9% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))