Australian gold stocks lose shine on Middle East flare-up

Evolution Mining

14/07/2026 01:52

** Australian gold stocks .AXGD fall as much as 3.2%, while the broader benchmark .AXJO trades down 0.5%
** Sub-index hits lowest level since July 2
** Bullion prices dropped 3% overnight as rising Middle East tensions fuel expectations of higher-for-longer U.S. interest rates GOL/
** Sector majors Northern Star Resources NST.AX and Evolution Mining EVN.AX decline as much as 4% and 3%, respectively
** YTD, AXGD down 20.7%, lagging behind AXJO's 0.6% rise

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