** Australian gold stocks .AXGD fall 3.7% to 12,735.1 points
** Index on track for worst intraday pct fall since May 13, if trends hold
** Grady Wulff, Bell Direct market analyst, attributes it to profit-taking after gold hit a record high on Friday, and portfolio adjustments to adapt to uncertain geopolitical and macro conditions
** Gold price rose for a fourth straight session to a near two-month high on Monday, as clashes between Israel and Iran intensified over the weekend and pushed investors toward safe-haven assets GOL/
** Northern Star Resources NST.AX and Evolution Mining EVN.AX, each losing around 5.3%, feature among the top losers on the benchmark .AXJO
** AXJO up 0.04%
** YTD - AXGD up 51.8%, AXJO up 4.8%
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((JasmeenAraIslam.Shaikh@thomsonreuters.com;))
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