BUZZ-Australian gold stocks at 2-week high as bullion rises on safe-haven demand

Reuters11-22

** Australian gold stocks rise as much as 1.1% to their highest since Nov. 8

** Sub-index rises 8.3% for the week, breaking three weeks of consecutive declines; set for its best week since mid-Oct

** Gold prices were steady and was poised for a weekly gain, driven by safe-haven demand due to rising geopolitical tensions

** Bullion hit more than one-week high in the last session

** Shares of Northern Star Resources and Evolution Mining climb as much as 1.5% and 1.3%, respectively

** Both hit their highest since early November

** AXGD up 20.8% this year, as of last close

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment