11/25

Sibanye-Stillwater Falls 3.08% Amid Gold Price Decline and Easing Tensions

Sibanye-Stillwater Limited (SBSW) shares are down 3.08% to $4.09 as of 1:51 pm on Monday, compared to its previous close of $4.22 on November 22nd. The decline in SBSW's stock price is primarily influenced by the broader market reaction to falling gold prices, which have tumbled about 3% to $2,627.01 an ounce by midday. This drop in gold prices follows reports of de-escalating geopolitical tensions in the Middle East, reducing the metal's appeal as a safe haven. Additionally, the nomination of Scott Bessent for Treasury Secretary is seen as a stabilizing factor for the US economy, further diminishing the risk premium associated with gold.