Australian gold stocks slump as bullion prices decline

Perseus Mining

30/01/2026 04:17

Updates

** Australian gold stocks .AXGD fall as much as 7.1% to log their biggest intraday pct decline since October 22, while the broader benchmark .AXJO was down 0.7%

** Gold slid more than 4% on Friday on rumours the Federal Reserve could get a more hawkish chair GOL/

** Index heavyweights Evolution Mining EVN.AX, Northern Star Resources NST.AX, Genesis Minerals GMD.AX fall between 10.7% and 3.5%

** Sub-index, on track to record its worst week in a month, having lost 2.3% so far

** AXGD up 10.5% so far this year

(Reporting by Nikita Maria Jino and Roshan Thomas in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))