Aussie gold stocks hit 3-month low after prices drop

Gold Road Resources

23/06/2023 05:27

** Australian gold stocks  .AXGD  fall as much as 1.6% to
hit their lowest level since March 24
    ** Gold prices on track to log biggest weekly loss since
February as prospects of additional rate hikes by the U.S.
Federal Reserve this year supported dollar  GOL/ 
    ** Gold Road Resources  GOR.AX  falls as much as 6.9% and
hits its lowest level since March 17
    ** St Barbara falls 4.2% to its lowest since Oct. 21
    ** Sector major Newcrest Mining  NCM.AX  and Northern Star
Resources  NST.AX  falls as much as 0.8% and 2.1%, respectively
    ** The sub-index is down for a fourth straight session and
is set to post its worst weekly fall since May-end
    ** AXGD up 12.8% this year, as of last close, vs a 2.2% gain
in benchmark index  .AXJO 

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