Shares of Northern Star Resources (ASX:NST) fell around 3%, while Evolution Mining (ASX:EVN) and Newmont (ASX:NEM) each inched higher in Friday trade, as gold hovered near record highs following softer-than-expected US inflation data that fueled expectations of further interest rate cuts.
Spot gold prices rose 0.1% to $4,335.15 an ounce, climbing 0.8% for the week after hitting an all-time high above $4,381 in October.