Genesis Minerals share price drops 8% as gold slides — what to watch next for GMD stock
Genesis Minerals shares fell 8.2% to A$6.97 in Sydney Monday after gold futures dropped 2.1% to $2,972.30 an ounce, their steepest one-day loss since October 2023. The stock is now 17% below last week’s high. Investors are watching U.S. jobs data due Feb. 6 and Genesis’s half-year results on Feb. 19.