Australian gold stocks tumble after Warsh comments drive bullion lower

Northern Star Resources

31/08/2026 02:44

** Australian gold stocks .AXGD fall as much as 4.7%, their biggest intraday pct loss since July 24
** Sub-index hits its lowest level since Aug 20
** Gold prices fell more than 3% on Friday after U.S. Federal Reserve Chair Kevin Warsh's signalled interest rate that hikes may be needed GOL/
** Shares of Northern Star Resources NST.AX and Evolution Mining EVN.AX fall 4.1% and 4.3%, respectively
** Seperately, NST said Deputy CEO Ryan Gurner will leave the gold miner
** YTD, AXGD up 4.2%

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))