Australian Gold Stocks Fall 1.3% As U.S.-China Trade Talks Ease Investor Concerns

Mon 12 May 25, 03:08 AM |

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Highlights:

Gold prices drop 1.1% as U.S.-China trade talks ease investor concerns

Northern Star Resources and Evolution Mining fall 0.5% and 0.9%, respectively

Ramelius Resources slips 2.8%, one of the top losers on the ASX 200 index

Australian gold stocks, represented by the AXGD index, fell by 1.3% to 12,142.1 points, marking their weakest performance since April 30. The decline in gold stocks comes as a result of a 1.1% drop in gold prices on Monday. Investor anxiety eased after positive developments in U.S.-China trade talks, reducing demand for gold as a safe-haven asset.

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