Australian gold stocks hit near 3-week low as bullion prices weaken

Evolution Mining

01/07/2026 03:46

** Australian gold stocks .AXGD fall as much as 1.5%, their lowest since June 12
** The benchmark index S&P/ASX 200 index .AXJO down 0.5%
** Bullion prices extended losses as fading prospects of a permanent U.S.-Iran peace deal boosted expectations of Federal Reserve rate hikes GOL/
** Gold miners Evolution Mining EVN.AX and Northern Star Resources NST.AX slid 0.9% and 0.4%, respectively
** AXGD down 21% YTD
     

(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))