BUZZ-Australian gold shares slip as safe-haven asset demand falls on positive US-China talks
Australian gold shares fell 1.3% to 12142.1 points, marking their weakest session since April 30, as demand for safe-haven assets declined following positive U.S.-China trade talks. Gold prices dropped 1.1%, leading to declines in major stocks like Northern Star Resources and Evolution Mining, which fell 0.5% and 0.9%, respectively. Smaller companies like Ramelius Resources saw a 2.8% drop, becoming one of the top losers. Despite the decline, AXGD is up 44.2% year-to-date.
** Australian gold stocks .AXGD fall 1.3% to 12142.1 points, set for their weakest session since April 30
** Gold prices fell 1.1% on Monday as the U.S.-China ended trade talks on a positive note, curbing investor anxiety and reducing demand for the safe-haven asset GOL/
** Northern Star Resources NST.AX and Evolution Mining EVN.AX slip 0.5% and 0.9%, respectively
** Smaller peers Ramelius Resources RMS.AX falls 2.8% to become one of the top losers on the benchmark .AXJO
** AXGD up 44.2% YTD
