Stock Track | EVEREST GOLD Plummets 6.54% Intraday as Gold Prices Drop Following Trump's Iran Remarks

Stock Track

04/02

EVEREST GOLD's stock plummeted 6.54% during intraday trading on Thursday, reflecting a significant decline in the Hong Kong-listed gold mining company's share price.

The sharp drop follows a broader weakness in gold-related stocks after precious metals prices plunged following U.S. President Donald Trump's national address on Iran. Spot gold continued to trend lower, briefly falling below $4,650 per ounce with losses widening to 2%.

According to market reports, Trump declared a "swift, decisive, and overwhelming victory" regarding military actions against Iran and indicated that stronger strikes would follow in the coming weeks. This geopolitical tension and the potential for further escalation have pressured gold prices, which subsequently affected gold mining stocks like EVEREST GOLD.

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