Business
Why Newcrest (ASX:NCM) and Northern Star (ASX:NST) shares could crash lower today
The Motley Fool Australia » Gold » Why Newcrest (ASX:NCM) and Northern Star (ASX:NST) shares could crash lower today
It could be a difficult day of trade for gold miners such as Evolution Mining Ltd (ASX: EVN), Newcrest Mining Limited (ASX: NCM), and Northern Star Resources Ltd (ASX: NST) on Monday.
This follows a disappointing end to the week for the gold price on Friday.
What happened to the gold price?
According to CNBC, traders were selling safe haven assets such as gold and silver on Friday.
This led to the gold futures price sinking a sizeable 4.1% to US$1,835.40 an ounce and the silver price falling by an even greater 9.6% to US$24.64 an ounce.
Things weren’t much better for fellow…
-
Noosa News10 hours agoMan charged over allegedly abandoning Arnie the German shepherd in car after claiming dog and vehicle were stolen
-
Noosa News10 hours agoMotorcyclist dies in crash with truck
-
Noosa News11 hours agoSomerville House investigating after teachers’ dossier on students leaked
-
Noosa News24 hours agoMurray Watt claims Queensland will follow Sussan Ley and ditch net zero by 2050