Shares of Northern Star Resources (ASX:NST) fell 2% in recent trading on Friday, while those of Evolution Mining (ASX:EVN) fell 1% as spot gold declined to $4,384.38 per ounce earlier.
Newmont's (ASX:NEM) shares rose nearly 1%.
Concern over high interest rates and inflation in the wake of the conflict in the Middle East weighed on the price of the precious metal.