Australia's gold stocks hit near 3-month low on weak bullion prices

Jupiter Energy

11/05/2022 01:52

** Australian gold stocks  .AXGD  skid as much as 2.4%,
hitting their lowest since Feb. 14 
    ** The sub-index tracks weak bullion prices as dollar
resumes strengthening  GOL/ 
    ** The country's largest gold miner Newcrest Mining  NCM.AX 
loses 2.4% 
    ** Resolute Mining sheds 6.5% and is among the top losers on
the sub-index    
     ** AXGD is down 4.4% so far this year, as of last close 

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))