Northern Star Resources Ltd (NST.AU) saw its stock price plummet by 6.28% in Tuesday's trading session, reflecting a broader downturn in Australian gold stocks. The fall comes as gold prices retreated following positive developments in the US-China trade negotiations.

Gold prices fell sharply as investors moved away from safe-haven assets after the United States and China announced a temporary deal to reduce tariffs. This easing of trade tensions has diminished the appeal of gold as a hedge against economic uncertainty, leading to a sell-off in gold-related stocks.

Northern Star Resources was not alone in its decline, with the Australian gold stocks index (.AXGD) dropping as much as 6.3% to 11,152.2 points, its lowest level since April 10. Other major players in the sector also suffered significant losses, with Bellevue Gold (BGL.AX) and Evolution Mining (EVN.AX) shedding 6.8% and 6.2% respectively, ranking among the top percentage losers on the local benchmark (.AXJO). Despite the day's losses, it's worth noting that the Australian gold stocks index has still recorded a substantial 32.6% gain year-to-date.