Australian gold stocks hit over 2-1/2-month low on weak bullion prices

Firefinch

09/05/2022 06:28

** Australian gold stocks  .AXGD  slip as much as 3.2% to
6,445.7, their lowest since Feb. 18 
    ** AXGD down for a second straight session; fell 4.2% last
week 
    ** Gold prices fall as a stronger dollar pressures demand
for greenback-priced bullion  GOL/ 
    ** Prices further weighed down by rising U.S. Treasury
yields 
    ** Firefinch  FFX.AX  and Bellevue Gold  BGL.AX  led the
decline on the sub-index, shedding 10.1% and 8.3%, respectively 
    ** Newcrest Mining  NCM.AX , the country's largest gold
miner, drops as much as 1.7% to touch its lowest since March 24 
    ** AXGD up 8% this year, as of last close, compared with a
4.4% decline in the benchmark S&P/ASX 200 index  .AXJO 

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))