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Australian gold stocks snap four-day winning streak as bullion slides on Fed rate hike bets

By Reuters News

** Australian gold stocks .AXGD decline as much as 1.3%, breaking a four-day streak of gains to head for their worst day in a week

** Gold prices edge lower in Asian trading on Friday after tumbling more than 1% in the previous session, as persistent US inflation reinforced expectations of additional Federal Reserve interest rate hikes, denting demand for bullion GOL/

** Shares of Evolution Mining EVN.AX drop 0.3%, while Northern Star Resources NST.AX gains 0.7% on the sub-index

** YTD, gold stocks down 8.5%

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