Australian gold stocks set to record worst day in 3 weeks as bullion slips

Firefinch

01/06/2022 05:32

** The Australian gold sub-index  .AXGD  falls as much as
3.9%, its worst intraday fall since May 10
    ** The sub-index is the top percentage loser on the
benchmark  .AXJO  which is up 0.1%
    ** Gold hit its lowest in nearly two weeks on Wednesday, as
a stronger dollar and gains in U.S. Treasury yields reduce the
appeal of bullion  GOL/ 
    ** Gold and lithium miner Firefinch  FFX.AX  loses 13.1% to
hit the bottom of the sub-index, while Ramelius Resources
 RMS.AX  falls 8%
    ** Heavyweight Newcrest Mining  NCM.AX  slides as much as
3.6% to hit its lowest since Feb. 18 and Northern Star Resources
 NST.AX  loses 2.6%
    ** AXGD hits its lowest level since May 20
    ** AXGD down 0.6% as of last close, compared to a 3.1% drop
in the benchmark

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))