Business
Why the Resolute Mining (ASX:RSG) share price is at a 52-week low
The Resolute Mining Limited (ASX: RSG) share price fell 0.8% on Friday to close the week at a new 52-week low. The current 61 ents per share valuation is the Aussie gold miner’s lowest since April 2016.
Why is the Resolute share price under pressure?
Friday’s trade saw the continuation of a downward trend for the Resolute Mining share price in 2021.
Shares in the Aussie gold miner are down 27.4% this year with a current market capitalisation of $673.4 million. It’s not the only ASX gold miner struggling to arrest a share price slide right now.
Gold prices are under pressure and have fallen sharply in 2021. A rising US dollar and increasing long-term bond yields have seen investors turn away from gold as a safe haven…
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