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BUZZ-Australian gold stocks fall on profit-taking

Reuters
Jun 16, 2025
BUZZ-Australian gold stocks fall on profit-taking

** 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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