BUZZ-Australian gold stocks fall as bullion prices decline on profit-taking
Reuters
Jan 30
BUZZ-Australian gold stocks fall as bullion prices decline on profit-taking
** Australian gold stocks .AXGD fall as much as 3.9% to log their biggest intraday pct decline since January 22, while the broader benchmark .AXJO trades flat
** AXGD tracks overnight losses in gold prices as investors booked profits after bullion hit a record high GOL/
** Index constituents Ramelius Resources RMS.AX and Perseus MiningPRU.AX fall 3.9% and 5%, respectively
** Sub-index, however, on track for a fifth straight weekly gain, up 1.8%
** AXGD up 15.2% so far this year, outperforming a 2.6% gain in AXJO
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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