Stock Track | Northern Star Resources Plummets 8.20% Intraday as Gold Prices Tumble on Fed Rate Hike Expectations

Stock Track

06/09

Northern Star Resources Ltd (NST.AU) saw its stock price plummet 8.20% during Tuesday's morning trading session, marking a significant decline for the Australian gold miner.

The sharp drop came as Australian gold stocks tumbled to their lowest level in over two months, driven by falling bullion prices. Gold prices hit a more than two-month low after strong U.S. jobs data boosted market expectations of a Federal Reserve interest rate hike, making the non-yielding precious metal less attractive to investors compared to interest-bearing assets.

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