Stock Track | Evolution Mining Soars 6.94% Intraday as Geopolitical Tensions Lift Gold Prices

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Evolution Mining Ltd (EVN.AU) saw its stock price soar 6.94% during intraday trading on Monday, significantly outperforming the broader market.

The sharp rise is directly linked to a surge in gold prices, which rallied as investors sought safe-haven assets following escalated geopolitical tensions. Reports confirmed that U.S. and Israeli strikes on Iran resulted in the death of Supreme Leader Ayatollah Ali Khamenei, intensifying instability in the region and driving demand for bullion.

The Australian gold mining sub-index reached a record high, with Evolution Mining being a primary beneficiary of the bullish sentiment towards the precious metal sector.

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