Gold Fields' stock fell sharply intraday on Friday, plummeting 6.69% as gold miners broadly declined.

The drop tracked a decline in bullion prices, with spot gold down 1.9% amid higher oil prices and persistent tensions in the Middle East reinforcing expectations of higher interest rates.

Gold prices are down over 3% for the week, weighing on mining stocks. Other major gold miners including Newmont and Barrick also traded lower during the session.