Gold price falls below $4,000, precious metal mining stocks plunge

Golden Ten Data reported on June 24 that as gold prices fell below $4,000 per ounce for the first time since November 2025, London mining stocks plunged. Market expectations of Federal Reserve interest rate hikes dragged down gold, while a stronger US dollar also put pressure on gold prices. A sharp drop in silver prices also weighed on mining stocks. Hochschild, listed in London, saw its losses deepen throughout the session, with its share price falling more than 9% in late trading, hitting a six-month low. Silver miner Fresnillo dropped 5.1%, while Endeavour Mining, which specializes in mining gold in West Africa, tumbled 5.25%.