Australian gold stocks slide tracking over 1% fall in bullion
BUZZ-Australian gold stocks slide tracking over 1% fall in bullion ** Australian gold miners .AXGD fall as much as 2.4%, while the broader benchmark .AXJO was down 0.5% as of 0210 GMT
** Bullion prices slid more than 1% in early Asian trade, as fears of the Strait of Hormuz closure drove oil prices sharply higher and revived expectations of elevated interest rates to combat inflationary pressures GOL/
** Shares of gold miners Northern Star Resources NST.AX were down 2.6%, while St Barbara SBM.AX and Evolution Mining EVN.AX lost 2.7% and 1.7%, respectively
** Sub-index has fallen 18.8% YTD
(Reporting by Roshan Thomas in Bengaluru)
Recent news on Northern Star Resources
See all newsAustralian gold stocks fall to over two-month low as gold prices drop
Australia's Northern Star hits 7-month high after quarterly gold sales rise
Incoming Northern Star CEO flags possibility of asset sales (updated)
Australia's Northern Star posts 7.2% rise in quarterly gold sales revenue
Brief: Northern Star Resources Says FY27 Guidance Unchanged