Australian gold miners fall most in 3 weeks on softer bullion prices

Genesis Minerals

29/12/2023 24:52

** Australian gold stocks  .AXGD  fall as much as 2.6% in
their biggest intraday pct drop since Dec. 6 
    ** Gold prices eased overnight as an uptick in the U.S.
dollar and Treasury yields undermined the support from
expectations of rate cuts by the Federal Reserve early next year
 GOL/ 
    ** AXGD hits its lowest level since Dec. 21 
    ** Gold miner Northern Star Resources  NST.AX  falls as much
as 2.8%, set for worst session since Dec. 6 if losses hold
    ** Shares of Evolution Mining  EVN.AX  and Genesis Minerals
 GMD.AX  dip 2.5% and 3.3%, respectively
    ** Sub-index on track to end week flat after rising for two
consecutive weeks 
    ** AXGD up 27% this year, as of last close, vs a 8.2% rise
in the benchmark index  .AXJO 

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