Australian gold stocks face worst day in nearly two weeks on lower bullion prices

Dreadnought Resources

03/04/2023 05:48

** Australian gold stocks  .AXGD  fall as much as 2.1%,
posting their biggest intraday pct drop since March 22
    ** Gold prices slip as a sturdy dollar makes the
greenback-denominated metal less affordable for buyers holding
other currencies  GOL/ 
    ** Newcrest Mining  NCM.AX , Australia's biggest listed gold
miner, skids up to 2.2%, posting its biggest intraday pct fall
since March 22
    ** Heavyweight Northern Star Resources  NST.AX  falls 2.6%,
on track for its worst day since March 22
    ** Gold miner Red 5  RED.AX  falls as much as 6.7% and 
worst performer on the sub-index
    ** AXGD up 16.6% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))