Aussie gold stocks decline on weaker bullion prices

West African Resources

06/07/2023 02:18

** Australian gold stocks  .AXGD  drop as much as 2%,
recording their biggest intraday pct fall since June 22
    ** Gold prices fell overnight, weighed down by an uptick in
the dollar after minutes from the Federal Reserve's June policy
meeting cemented expectations that rates will stay higher for
longer  GOL/ 
    ** Sector heavyweight Newcrest Mining  NCM.AX  falls as much
as 3%, recording its largest single-day drop since June 6
    ** Ramelius Resources  RMS.AX  and West African Resources
 WAF.AX  fall 4% and 3.9%, respectively
    ** Northern Star Resources  NST.AX  declines 1.4%
    ** AXGD up 17.4% YTD, as of last close
    

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))