Australian gold miners slip to 3-week low on softer gold prices

West African Resources

04/01/2024 24:38

** Australian gold sub-index  .AXGD  fell as much as 2.3% at
6999.1 points, its lowest level since Dec. 14
    ** Gold prices retreated to its largest percentage decline
in over three weeks after minutes from the U.S. Federal
Reserve's latest policy meeting flagged uncertainty about the
timing of potential interest-rate cuts  GOL/ 
    ** Red 5  RED.AX , West African Resources  WAF.AX  and
Northern Star Resources  NST.AX  topped losses on the sub-index
to lose 5.8%, 3.2% and 3%, respectively
    ** Resolute Mining  RSG.AX  and Evolution Mining  EVN.AX 
fell 1.7% and 1.6%, respectively
    ** The sub-index rose 24.5% in 2023, vs a 7.8% increase in
the benchmark S&P/ASX 200 index  .AXJO 


 


 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))