Australian gold miners hits 2-month low on soft bullion

Evolution Mining

23/10/2026 03:49

** Australian gold stocks .AXGD fall as much as 6.4%, adding to the broader benchmark's .AXJO 0.4% fall
** Sub-index hits lowest level since August 5, logs largest intraday percentage fall since early June
** Bullion prices ease as surging oil prices and resilient US economic data fuel expectations that the Federal Reserve would keep interest rates higher for longer GOL/
** Index leaders Northern Star Resources NST.AX and Evolution Mining EVN.AX fall as much as 3.9% and 5.5%, respectively
** Evolution Mining hits lowest since July 30
** AXGD down 9.7% for the week in its worst move since mid-March, bringing YTD losses to 13.3%

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))