Australian gold stocks log worst day in two months on softer prices

Northern Star Resources

31/08/2026 03:48

** Australian gold stocks .AXGD fall as much as 5.4% in their biggest drop since June 20
** Gold prices are at a nearly two-week low after U.S. Federal Reserve Chair Kevin Warsh signalled that interest rate hikes may be needed to contain inflation GOL/
** Sector majors Evolution Mining EVN.AX and Northern Star Resources NST.AX drop 5.6% and 5.1%, respectively
** AXGD up 2.7% YTD
     

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))