Gold Miners' Shares Fall Amid Escalating US-Israel-Iran Tensions

MT Newswires Live

03/03

Shares of Northern Star Resources (ASX:NST), Evolution Mining (ASX:EVN), and Newmont (ASX:NEM) each fell around 3% in recent Tuesday trade even as escalating tensions in the Middle East drove investors toward safe-haven assets, pushing the bullion to a more than four-week high, amid fears that the US-Israel-Iran conflict could escalate into a prolonged regional war.

Spot gold rose 1% to $5,377.21 an ounce.

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