Stock Track | Evolution Mining Plummets 5.08% Intraday as Gold Prices Weaken on U.S.-Iran Tension Inflation Fears

Stock Track

06/30

Evolution Mining Ltd's stock plummeted 5.08% intraday on Tuesday, reflecting a sharp decline in the Australian gold miner's share price.

The drop comes amid a broader selloff in Australian gold stocks, which fell to their lowest level in over two weeks. The decline was driven by weaker bullion prices, which fell as fresh U.S.-Iran tensions lifted oil prices and sparked fears of inflation, bolstering market expectations for higher interest rates.

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