Australian gold shares slip as safe-haven asset demand falls on positive US-China talks

Ramelius Resources

12/05/2025 01:47

** Australian gold stocks .AXGD fall 1.3% to 12142.1 points, set for their weakest session since April 30

** Gold prices fell 1.1% on Monday as the U.S.-China ended trade talks on a positive note, curbing investor anxiety and reducing demand for the safe-haven asset GOL/

** Northern Star Resources NST.AX and Evolution Mining EVN.AX slip 0.5% and 0.9%, respectively

** Smaller peers Ramelius Resources RMS.AX falls 2.8% to become one of the top losers on the benchmark .AXJO

** AXGD up 44.2% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

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