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<WIRE> Australian gold stocks slump on weak bullion prices



Australian gold stocks fall as much as 4.9%, their lowest level since June 26. Aussie gold stocks track gold prices lower, which were weighed down by a stronger dollar and an uptick in bond yields after better-than-expected U.S. economic data. Sector majors Northern Star Resources (ASX:NST) and Newcrest Mining (ASX:NCM) fall as much as 4.9% and 4.1%, respectively. Northern Star Resources hits its lowest since March 22. AXGD posts biggest intraday percent fall since Oct 10, 2022. Gold stocks up 16.8% YTD, as of last close, vs a 5.9% gain in the benchmark index (ASX:AXJO).


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