Australian gold sub-index falls as bullion weakens

De Grey Mining

03/12/2024 24:06

** Australian gold miners  .AXGD  fall as much as 1.3% to
8,677.6 points, hitting their lowest level since Nov. 18
    ** Golf prices weaken overnight, having fallen as much as 1%
on a strong U.S. dollar  GOL/ 
    ** Sector heavyweight Northern Star Resources  NST.AX  falls
as much as 3.6% to a more than two-week low
    ** Northern Star's buyout target De Grey Mining  DEG.AX 
slips as much as 3.6% after hitting a 16-year high in the
previous session
    ** Genesis Minerals  GMD.AX  drops 1.4%; while Evolution
Mining  EVN.AX  gains 1% 
    ** AXGD has risen 19.3% this year, as of last close, vs a
11.3% gain in the benchmark index  .AXJO 

($1 = 1.5446 Australian dollars)

 (Reporting by Nichiket Sunil)
 ((Nichiket.Sunil@thomsonreuters.com))