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BUZZ-Australia's gold stocks drop as bullion price eases

Reuters
Sep 04
BUZZ-Australia's gold stocks drop as bullion price eases

** Australian gold stocks .AXGD down 1.2%; set for their weakest session since August 1, if current trends hold

** Sub-index retreats from record high level touched in the previous session

** Gold prices eased due to profit-taking after bullion scaled a record high on expectations of a U.S. interest rate cutGOL/

** Gold miners Evolution Mining EVN.AX and Northern Star Resources NST.AX down 1% and 1.8%, respectively

** Sub-index has risen 60.2% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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