BUZZ-Australian gold stocks fall after bullion prices weaken overnight
Reuters
Jul 16, 2025
BUZZ-Australian gold stocks fall after bullion prices weaken overnight
** Australian gold stocks .AXGD fall as much as 2.7% in their biggest intraday pct drop since July 9
** Gold prices fell on Tuesday as investors awaited tariff updates, while an inflation report showed a widely expected increase in U.S. consumer prices last month GOL/
** Gold producer St BarbaraSBM.AX falls 5% to become the biggest pct loser on the sub-index
** Global miner Newmont Corp's Australian shares NEM.AXNEM.N down 4.7%
** YTD, AXGD up 32.3%
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
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