Australian gold stocks fall, tracking bullion's slide

Evolution Mining

13/04/2026 02:29

** Australian gold stocks .AXGD fall as much as 4.5%; mark biggest intraday pct fall since March 23

** Sub-index tracks bullion's drop to nearly one-week low, with gold pressured by stronger dollar, while surge in energy prices fuelled inflation worries, dampened Fed rate-cut expectations this year

** Evolution Mining EVN.AX, Northern Star Resources NST.AX down more than 4%

** Sub-index lost more than 23% in March as Iran war boosted greenback, but up 9.5% so far in April

** YTD, AXGD down 3.1% vs miners' .AXMM 10.7% rise

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))