Overview
- Shares fell about 9% to roughly $97 on Thursday afternoon, extending a morning slide that pushed the stock back below $100.
- Gold extended a seven-session decline to below $4,600 per ounce, the lowest since January, while Brent crude jumped near $114, deepening the revenue–cost squeeze for miners.
- Recent strikes on Middle East energy infrastructure coincided with the oil surge, complicating the usual safe-haven support for gold.
- The Federal Reserve kept rates at 3.50%–3.75% as U.S. fourth-quarter growth was revised to 0.7% annualized, factors cited in the metals selloff.
- Technical signals show a pullback with shares 17.1% below the 20-day SMA and the RSI near 30, as investors eye April 22 earnings following recent analyst upgrades.