Australian Gold Stocks Fall 1.6% After Record High

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

Image source: Shutterstock

Highlights

AXGD falls 1.6% after hitting a record high in previous session

Sub-index set to break a three-session winning streak

Northern Star Resources and Evolution Mining see losses of 1.7% and 2%

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.

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