Australian gold stocks set for best weekly gain in 4 months as bullion shines
** A sub-index of Australian gold stocks .AXGD climbs as much as 3.2% to its highest level since May 22
** AXGD up for a ninth consecutive session; set for nearly 6.6% weekly gain, its best in four months, if trend holds
** Gold prices jumped more than 2% on Thursday and steadied early on Friday, after cooler-than-expected U.S. CPI data sparked hopes that the Fed will likely start cutting rates in September GOL/
** Northern Star Resources NST.AX jumps 3.8% to its highest level in three weeks
** ASX-listed shares of Newmont Corp NEM.AX advance 3.6% to an all-time high
** Resolute Mining RSG.AX jumps 5.8% to its highest level since February 2021, while Evolution Mining EVN.AX climbs 3.7% to a more than one-month high
** As of last close, AXGD up 5.8% this year vs a 3.9% gain in the benchmark index .AXJO
Reporting by Himanshi Akhand in Bengaluru
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