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85%  
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  • Australian Gold Stocks Surge on Gold Price Rise

    01/04/2006 1:57:01 AM PST · by BlackVeil · 20 replies · 503+ views
    Yahoo News ^ | 4 Jan 2006 | Anon
    Australian gold stocks continued to rally today as the gold price raced back towards a 24-year high. At 1245 AEDT the spot price of gold in Sydney was US$533.20 per fine ounce, up US$13.20 on last night's close. This comes on the back of a US$6 rise yesterday, with gold moving back towards the 24 year record high of US$540.90 set in December. Australia's biggest gold producer Newcrest Mining Ltd (ASX:NCM) led the pack in early trade today, racing up A$1.45 or 5.88 per cent to A$26.13 by 1240 AEDT. Papua New Guinea miner Lihir Gold Ltd (ASX:LHG) also shot...