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Mar 13 - 09:55 PM

Gold - Australian Gold Stocks Scale Record Highs As Bullion Prices Soar

By Adwitiya Srivastava  —  Mar 13 - 07:45 PM

• Australian gold stocks rise 3.3% to 10,504.7 points, hitting a record high

• The sub-index rises on the back of soaring bullion prices, which also hit an all-time high, helped by elevated tariff uncertainty and bets on monetary policy easing by the U.S. Federal Reserve [GOL/]

• AXGD rose 3.7% earlier in the day to log its biggest intraday gain since February 11

• Gold stocks up for a third consecutive session

• Shares of Northern Star Resources rise over 3.1%, their biggest intraday pct gain since February 11

• Evolution Mining up as much as 3.75 to hit a record high

• AXGD up 24.7%, YTD

(Reporting by Adwitiya Srivastava in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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