Australian gold stocks fall as bullion loses appeal

De Grey Mining

20/06/2022 02:32

** Australia's Gold stocks  .AXGD  fell as much as 3.9% to
mark their biggest drop since June 14 
    ** Gold prices fell 1% on Friday as a stronger dollar and
interest rate hikes from major central banks across the globe
dented the safe-haven commodity's appeal  GOL/ 
    ** Heavyweights Northern Star Resources  NST.AX  and
Newcrest Mining  NCM.AX  gave up 3.3% and 3.4%, respectively 
    ** De Grey Mining  DEG.AX  led losses on the index to fall
6.6%, followed by Silver Lake Resources  SLR.AX , down 5.2% 
    ** AXGD is down 4.6% this year as of last close 

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))