Australian Gold Stocks Fall 1.6% After Record High

Tue 15 Apr 25, 12:58 AM | Team Kalkine

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Highlights

Australian gold stocks, tracked by the .AXGD sub-index, saw a decline of 1.6% after reaching a record high in the previous session. This pullback could interrupt the sub-index's three-day winning streak if the losses persist. The recent dip in gold stocks came as gold prices fell overnight, following an improvement in risk appetite. Investors reacted positively after the White House announced the exemption of smartphones and computers from steep tariffs on Chinese imports.

Northern Star Resources (ASX:NST) and Evolution Mining (ASX:EVN), two major players in the sector, recorded losses of 1.7% and 2%, respectively. The dip in gold prices impacted these stocks, which had seen gains in the earlier part of the year.

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