Stock Track | Northern Star Resources Soars 5.95% as Gold Prices Jump After Trump Calls Off Iran Strikes

Stock Track

06/12

Northern Star Resources Ltd's stock soared 5.95% during intraday trading on Friday, marking a significant upward movement for the Australian gold miner.

The surge in Northern Star's share price is attributed to a jump in gold bullion prices. According to market reports, bullion prices strengthened after U.S. President Donald Trump called off planned military strikes on Iran, which eased market fears of oil-driven inflation and elevated interest rates. This development positively impacted Australian gold stocks broadly, with the sector eyeing its best performance in over two months.

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