Australian gold stocks drop 2% on profit taking after Tuesday's rally

Perseus Mining

18/06/2025 06:51

** Australian gold stocks .AXGD fall 2.1% to 12409 points

** Henry Jennings, senior analyst and portfolio manager at Marcus Today, attributes the decline to profit taking; the index closed up nearly 1% on Tues

** Gold prices were flat on Wed amid caution ahead of the Federal Reserve's policy decision, while investors also kept a close watch on Israel-Iran tensions GOL/

** Gold firm Evolution Mining EVN.AX down 2.7% at A$8.22, lowest since May 20; Northern Star Resources NST.AX falls 2.3% to its lowest since May 30

** Ramelius Resources RMS.AX, Spartan Resources SPR.AX, Genesis Minerals GMD.AX, Perseus Mining PRU.AX, Vault Minerals VAU.AX and Catalyst Metals CYL.AX among top 10 losers on benchmark index .AXJO, which is up 0.2%

** Despite today's fall, sub-index is up 47.3% YTD

 (Reporting by Jasmeen Ara Shaikh and Adwitiya Srivastava in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))