Australia's gold stocks fall to near one-month low on subdued prices

Vault Minerals

09/09/2024 02:36

** Australian gold stocks  .AXGD  slump as much as 2.5%,
hitting their lowest since August 13 
    ** Gold prices slip below key $2,500 an ounce level as
markets await further guidance of August inflation data from
United States and a much anticipated Federal Reserve rate cut
 GOL/  
    ** Mid-cap gold company Red 5  RED.AX  tops sector losses,
dropping as much as 6.7% to hit its lowest since mid January 
    ** The country's largest gold miner, Northern Star  NST.AX ,
falls 2%, while ASX-listed shares of Newmont  NEM.AX  down as
much as 2.7% 
    ** Including day's moves, the gold index has risen 7.4% this
year, compared with a 5.6% increase in the broader benchmark
index  .AXJO 

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))