Eldorado Gold Stock Falls Nearly 13% as Gold Price Drops Below $4,000

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โดย The Motley Fool·Read original
Summary · why it matters

Eldorado Gold shares fell almost 13% this week as gold prices declined. The precious metal dropped below $4,000 per ounce on Wednesday, its lowest since late last year, driven by expectations of Federal Reserve interest rate hikes and cooling U.S.-Iran tensions. Gold later bounced back above $4,000 near the end of the week, lifting Eldorado shares along with it.

Impact on stocks 2

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Eldorado Gold Corp
EGO
▼ NegativeMonetaryrelevance

Gold price drop driven by Fed rate hike expectations and easing geopolitical tensions, directly hurting Eldorado's stock.

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