Australian gold stocks hit a month low as bullion falls

Bellevue Gold

19/06/2025 02:17

** Gold stocks .AXGD slid as much as 1.8%, reaching their lowest levels since May 22, following a dip in gold prices

** Bullion prices declined after the Fed maintained steady interest rates and signalled towards slower future cuts GOL/

** Miner Evolution Mining EVN.AX drops 3.7% to A$7.85, set for its fourth session of consecutive losses; Jefferies downgrades rating and cuts PT

** Gold explorer Bellevue Gold BGL.AX dip as much as 5.5%, posting its weakest intraday session since May 15; top loser on the benchmark ASX200 .AXJO

** Miner Northern Star Resources NST.AX falls 0.7% to A$20.44

** YTD, AXGD up ~44%, outperforming AXJO's gains of ~4.6%

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))