As the price of gold rebounds, Australian gold stocks are rising.

The Australia Gold Stocks Index rose by as much as 2.2%, and if the current trend continues, there is a possibility of consecutive gains for the second trading day. Gold prices rose by nearly 2% on Tuesday, driven by a weaker US dollar and easing inflation concerns. Gold mining company Northern Star Resources saw an increase of up to 2.2%, leading the gains in individual stocks; Genesis Minerals rose by 1.3%. The index in this category has risen by 3.2% year-to-date.