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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.
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