Gold Miners' Shares Fall as Gold Slides Below $5,000 Amid Global Tensions

MT Newswires Live

03/16

Shares of Northern Star Resources (ASX:NST), Bellevue Gold (ASX:BGL), and Newmont (ASX:NEM) fell around 5%, 7%, and 4%, respectively, in recent Monday trade as gold slipped below $5,000 an ounce amid rising oil prices and lingering uncertainty over the Middle East conflict, which has tempered expectations of near-term interest rate cuts.

Spot gold fell 0.7% to $4,986.34 an ounce.

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