Australian gold stocks slumps as bullion drops

Evolution Mining

18/05/2026 02:11

** Australian gold stocks .AXGD fall as much as 3.9%, hitting their biggest intraday pct drop since April 30

** Sub-index touches lowest level since May 6

** Benchmark S&P/ASX 200 .AXJO down 1.2%

** Index falls reflecting drop in bullion prices amid ongoing inflation concerns following the  Middle East conflict

** Gold miner Evolution Mining EVN.AX tumbles 4.6% and Northern Star Resources NST.AX slips 4.1%

** YTDD, AXGD down nearly 12%, AXJO declines 2.1%

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))