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Apr 30 - 02:55 AM

Gold - Australia's Gold Stocks Extend Losses As Global Trade Tensions Ease

By Manasi Dasa Sundeep  —  Apr 30 - 12:47 AM

• Australian gold stocks fall 1.5% to 11,583.9 points, their lowest levels since April 11

• Bullion prices extend declines, pressured by a firmer dollar and de-escalation in global trade tensions, while investors await economic data for cues on the Federal Reserve's rate outlook [GOL/]

• Northern Star Resources , Evolution Mining

and Newmont drop between 2% and 2.6%

• Still, AXGD up as much as 19.6% so far this month

• Sub-index is set for its third straight session of losses, if current trend holds

• AXGD up 37.2% YTD vs 0.8% decline in the broader benchmark index


(Reporting by Manasi Dasa Sundeep in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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