Australian gold stocks, represented by the index AXGD, have been observed to decline as much as 2.1% today.

If losses continue, it could be their worst performance since September 5.

The fluctuations seem to follow after gold’s minor 0.1% gain last week, as investors continued to process warnings from U.S.

Federal Reserve officials about potential further interest rate hikes.

Notably affected, Northern Star Resources (ASX:NST) has seen a drop of nearly 2.6%.

Similarly, Newcrest Mining (ASX:NCM) experienced a decline of about 1.2%.

Additionally, Bellevue Gold (ASX:BGL) and Capricorn Metals (ASX:CMM) have both recorded over 4% reductions.

Despite these movements, the AXGD has still risen roughly 13% this year, in comparison to the 0.4% increase in the benchmark index.

Northern Star Resources (ASX:NST) is an industry major in the Australian gold production market.