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TDUX
Sep 08 - 10:55 PM

Gold - Australian Gold Stocks Drop On Bullion Weakness; Top Constituents Trade Ex-Dividend

By Anjali Singh  —  Sep 08 - 08:57 PM

• Australian gold stocks fall as much as 2.6%, their biggest intraday pct loss since September 2

• Bullion prices fell on Tuesday amid rising inflation concerns and expectations of a rate hike by U.S. Federal Reserve this month [GOL/]

• Major producers Evolution Mining and Northern Star Resources trade ex-dividend; stock down 3.7% and 3.1%, respectively

• Shares of Westgold Resources fall over 6%, becoming one of worst performers in the benchmark index

• Sub-index up ~1.4% YTD, including the session's moves


(Reporting by Anjali Singh in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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