Australia's gold stocks at nine-month low as gold prices tumble
11/06/2026 02:19
BUZZ-Australia's gold stocks at nine-month low as gold prices tumble ** Australia's gold stocks .AXGD fall as much as 5.1% to their lowest level since September 10, 2025
** Gold hit a more than six-month low on Thursday, as fresh U.S. strikes on Iran drove oil prices higher, deepening concerns around inflation and higher-for-longer interest rates O/R
** Gold miners Northern Star Resources NST.AX and Evolution Mining EVN.AX down 1.9% and 1.3%, respectively
** Activist investor Elliott Investment Management called on Northern Star Resources to rebuild its strategy to restore shareholder value by strengthening its board and undertaking a strategic review
** Sub-index down 23.8% this year, including the day's move
(Reporting by Sherin Sunny in Bengaluru)
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