Australian gold stocks (ASX:AXGD) decrease by 1.8%, marking their worst performance since September 5, if the current losses remain steady.

Weaker gold prices are driving the retreat of gold stocks, as the U.S.

dollar and Treasury yields rise, with investors patiently waiting for further data for rate indicators from the U.S.

Federal Reserve.

This resulted in the sub-index reaching its lowest point since September 11.

Major gold miners such as Newcrest Mining (ASX:NCM) and Northern Star Resources (ASX:NST) have seen a decrease in share prices up to 2.1% and 2%, respectively.

Furthermore, Newcrest Mining could be facing its poorest day since July 21 if the current trend continues.

Remarkably, gold stocks have experienced a 12.3% increase this year as of the last closing, in contrast to a 0.5% increase in the benchmark index.

Australian Gold Stocks (ASX:AXGD) refers to shares in companies that are involved in the production of gold.