Australian gold stocks fall after bullion prices slip overnight

Emerald Resources NL

10/02/2023 01:09

** Australian gold stocks  .AXGD  drop as much as 2% - set
to mark biggest daily fall since Feb. 3, if current losses hold 
    ** Bullion prices fell overnight as investors braced for
more interest rate hikes from the U.S. Federal Reserve  GOL/ 
    ** Explorers Alkane Resources  ALK.AX  down 5.1% and Tietto
Minerals  TIE.AX  down 4.8%, leading losses on the sub-index  
    ** Sector majors Newcrest Mining  NCM.AX  and Northern Star
Resources  NST.AX  slip 0.9% and 2%, respectively
    ** AXGD up 0.5% so far in the week after two weeks of losses
    ** AXGD up 11.13% this year, as of last close, vs a 6.4%
increase in the benchmark S&P/ASX 200 index  .AXJO  
 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))