Australian gold stocks slip as rate-hike bets pressure bullion

Northern Star Resources

11/09/2026 01:34

** Australian gold stocks .AXGD decline as much as 4% to their lowest point since August 20 
** Shares of Northern Star Resources NST.AX and Evolution Mining EVN.AX slip about 4% each
** Gold prices extend losses on Friday, a day after robust U.S. inflation data and rising oil prices increased bets for a Federal Reserve rate hike next week GOL/
** Gold sub-index down for a fifth consecutive session
** If losses hold, sub-index on track to log weekly loss of nearly 7%, its worst since mid-July
** Sub-index down ~2%, YTD 

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))