Australian Mining Stocks Advance as Gold Breaks Past $3,400 Per Ounce

MT Newswires Live

04/22

Australian mining companies advanced further on Tuesday as gold continued to shine amid persisting global uncertainties.

Evolution Mining (ASX:EVN) rose 5%; De Grey Mining (ASX:DEG) advanced 4%; Northern Star Resources (ASX:NST) climbed 4% in recent trade on Tuesday.

Genesis Minerals (ASX:GMD) and Newmont (ASX:NEM) were flat in positive territory.

Gold climbed 1.8% to $3,487 per ounce in afternoon trade in Sydney. This is the first time that gold broke past $3,400 as investors continued to flock to the safe-haven asset amid increased market volatility.

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