Shares of Northern Star Resources (ASX:NST), Newmont (ASX:NEM), and Evolution Mining (ASX:EVN) declined nearly 1% in recent trading on Monday as the price of gold steadied.
Gold steadied to trade around $4,010 per ounce after falling below the $4,000-mark in the previous week.
Investors expressed concern about the potential tightening of the monetary policy by the US Federal Reserve if the surge in oil prices caused by the conflict in the Middle East causes inflation to spike.
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