BUZZ-Australian gold stocks track bullion prices higher on US Fed outlook
Reuters
Sep 01
BUZZ-Australian gold stocks track bullion prices higher on US Fed outlook
** Shares of Australian gold stocks .AXGD rise as much as 3.5%, hitting their highest level since June 16
** The gold sector tracks bullion prices, which rose around 1% on Friday after U.S. inflation data reinforced expectations that the Federal Reserve could cut interest rates next month GOL/
** Gold producer Evolution MiningEVN.AX gains 3.2%, hitting its highest point since June 16
** Broader benchmark 200 ASX index .AXJO down 0.2%, as of 0047 GMT
** AXGD sub-index up nearly 60% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))
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