Aussie gold stocks set for worst day in 2 weeks as bullion loses shine

De Grey Mining

10/01/2023 02:36

** Australian gold stocks  .AXGD  fall as much as 2.3%, set
for worst day since Dec 23, 2022, if losses hold
    ** Gold prices inched lower as the U.S. dollar witnessed an
uptick, with traders largely focusing on Federal Reserve Chair
Jerome Powell's speech for insights into the central bank's rate
hike path  GOL/ 
    ** De Grey Mining Ltd  DEG.AX  emerges as the top loser on
AXGD with a 7% drop
    ** Sector heavyweight Newcrest Mining  NCM.AX  sheds 2.7%
while Northern Star Resources  NST.AX  falls 2.6%  
    ** AXGD lost 9.1% in 2022
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))