Australian gold miners hit over 2-weeks low on softer bullion prices

Gold Road Resources

03/01/2024 01:27

** Australian gold sub-index  .AXGD  fell as much as 2.4% at
7183.5 points, its lowest level since Dec. 18 
    ** Gold entered 2024 under pressure from a jump in the U.S.
dollar, with U.S. gold futures  GCcv1  slipping 0.1% to
$2,070.30  GOL/  
    ** Gold Road Resources  GOR.AX , St Barbara  SBM.AX  and
Resolute Mining  RSG.AX  topped losses on the sub-index to lose
7.9%, 4.9% and 4.4%, respectively 
    ** Sector leaders Northern Star Resources  NST.AX  and
Evolution Mining  EVN.AX  fell over 3%, respectively 
    ** The sub-index rose 24.5% in 2023, vs a 7.8% increase in
the benchmark S&P/ASX 200 index  .AXJO  


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