Australian gold stocks hit 3-month low on weak bullion prices

ReutersJul 9, 2025 12:43 AM

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Australian gold stocks .AXGD fall 4.5% to their lowest since April 10

Gold prices slipped more than 1% on Tuesday, as optimism over trade deals between the U.S. and its trading partners weighed on safe-haven flows, with a firmer U.S. dollar and rising Treasury yields adding further pressure GOL/

Sector heavyweights Newmont Corp NEM.N and Evolution Mining EVN.AX fall 4.9% and 7.5%, respectively; both stocks among top losers on the benchmark .AXJO, which is down 0.7%

Northern Star Resources NST.AX falls 4.9% to A$16.12

Eight out of the top 10 losers on the benchmark are gold miners

YTD, AXGD up nearly 30% vs 30.1% gain in AXJO

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