Australian gold stocks slip most since June 2022 on sliding bullion

Bellevue Gold

07/11/2024 24:51

** Gold stocks  .AXGD  fall 6.6%; set for their worst
session since June 2022
    ** Gold prices hit three-week low overnight, as investors
piled into the U.S. dollar after Republican Donald Trump was
elected U.S. president  GOL/ 
    ** Gold  XAU=  rose 0.10% to $2,662.80 at 0046 GMT
    ** Gold miners Westgold Resources  WGX.AX  and Bellevue Gold
 BGL.AX  down as much as 10.3% and 7.3% respectively; top losers
on benchmark ASX 200 index  .AXJO 
    ** Sub-index up ~26% this year, as of last close

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))