• Australian gold stocks rise as much as 2.7%, their biggest intraday pct gain since May 12

• Sub-index on track to snap five sessions of losses

• Benchmark up as much as 1.3%

• Bullion gains as hopes for a resolution to the Iran conflict relieve inflation fears [GOL/]

• Gold miner Evolution Mining gains 3.8%

• YTD, AXGD down 14.7%, AXJO down 1.2%
(Reporting by Aamir Sheik Khalid in Bengaluru)