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Mar 06 - 09:55 PM

Gold - Australia's Gold Stocks Lose Ground On Duller Bullion, But Set For Weekly Gain

By Nichiket Sunil  —  Mar 06 - 07:53 PM

• Australian gold stocks fall as much as 1.9% to 10,053.1, dropping most since February 28

• Gold prices fall on the day on rising U.S. Treasury yields and profit taking [GOL/]

• Sub-index, however, to post a 3.1% rise this week, in tandem with bullion's expected gain this week

• Major gold miner Evolution Mining on track to move up 4.4% this week, despite a 2.2% drop on the day

• Northern Star Resources set for a 1.6% gain this week, down 1% today

• Sub-index down 1.6% this year

(Reporting by Nichiket Sunil in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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