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May 15 - 10:55 PM

Gold - Australian Gold Stocks Rise On Strong Bullion

By Nichiket  —  May 15 - 08:50 PM

• Australian gold stocks rise as much as 4.1% to 11,474.2; marks biggest intraday percent gain since May 6

• Gold prices gained more than 1% on Thursday on a softer dollar and weak U.S. economic data [GOL/]

• Evolution Mining rises 4.7%; among top pct gainers on local benchmark

• Northern Star Resources adds 3.5%; Bellevue Gold

advances 3.3%

• However, AXGD set to decline 10.4% for the week, if trends hold

• YTD, sub-index climbs 30.8%

(Reporting by Nichiket Sunil in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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