SD GOLD's stock price plummeted 5.01% during intraday trading on Thursday, reflecting broader weakness in the gold sector.
The decline comes as spot gold prices briefly fell below the $4,500 level, putting pressure on gold-related equities. Geopolitical tensions in the Middle East remain a key concern, with ongoing military conflict involving the US, Israel, and Iran. Iranian state media reported that Tehran has rejected a US peace proposal, and Iranian military sources have warned of potential escalation, including opening a new front in the Strait of Mandeb if pressured.
Analysts suggest that a rebound in precious metal prices would require an easing of geopolitical conflict to improve market risk appetite. However, with the US and Iran unable to agree on truce terms, the risk of escalated conflict persists, keeping gold prices volatile in the near term and weighing on gold mining stocks like SD GOLD.
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