Stock Track | Evolution Mining Plummets 5.03% Intraday as Gold Prices Fall on Inflation Concerns

Stock Track

07/09

Evolution Mining Ltd's stock plummeted 5.03% during intraday trading on Thursday, reflecting a significant downturn for the Australian gold miner.

The sharp decline comes as gold prices fell after inflation concerns intensified. According to market reports, U.S. President Donald Trump's statement that an interim agreement aimed at ending the Iran conflict was "over" triggered the drop in bullion prices, which negatively impacted gold mining stocks.

Evolution Mining was among the Australian gold stocks that fell, with the broader gold sub-index on track for its fourth straight session of losses and its weakest intraday performance in over a week.

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