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

Reuters
2024-11-22

** 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;))

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