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Jun 29 - 10:55 PM

Gold - Australian Gold Stocks Fall On Weak Bullion Prices

By Sherin Sunny  —  Jun 29 - 08:59 PM

• Australian gold stocks down 0.6% after falling as much as 1.2%, hitting lowest level since May 16

• Sub-index falls for sixth consecutive session

• ASX 200 benchmark index up 0.2%

• Gold fell 2% on Friday after a U.S.-China trade agreement boosted risk appetite and diminished bullion's appeal as a safe-haven asset [GOL/]

• Gold miners Northern Star Resources and ASX-listed shares of Newmont Corp down 0.7% and 2.1%, respectively

• YTD - Sub-index has gained 35.4%; on track for its best half-yearly gains since 2016's first half; AXJO up 4.4%

(Reporting by Sherin Sunny in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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