Australian Gold Stocks Fall for Second Consecutive Day After Gold Price Decline

MaticHoleFiller · 2026-03-13T07:19:21+00:00

The Australian Gold Stock Index declined 3.8%, reaching its lowest level since January 2026, and if the downtrend continues, it will mark the second consecutive day of decline. The gold price decline is driven by a stronger US dollar and inflation concerns, with Northern Star Resources falling as much as 15.7%.

MaticHoleFiller

2026-03-13 07:19:21

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Australian gold stock index fell as much as 3.8%, hitting its lowest level since early January 2026. If the current trend continues, this sector index will mark its second consecutive day of decline. Gold prices dropped on Thursday, influenced by a strengthening dollar and lower borrowing costs, while concerns over inflation were sparked by the Iran situation. Gold mining company Northern Star Resources declined by as much as 15.7%, after warning last Friday that reaching the lower end of its FY2026 production guidance will be quite challenging. Evolution Mining fell by 1.9%.

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