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Barrick Mining Faces Stock Decline Amid Legal and Market Pressures

Barrick Mining Faces Stock Decline Amid Legal and Market Pressures

Author:

Global Cryptocurrency

Published:

2026-03-19 09:37:02

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Barrick Mining (ABX) shares tumbled nearly 5% to $40.76 as a class-action lawsuit cleared legal hurdles and gold prices retreated. The Ontario Superior Court's decision to allow securities misrepresentation claims against the company compounded investor anxieties.

Precious metals faced broad selling pressure, with gold slipping 1.7% below $5,000/oz for the first time since February's geopolitical tensions. Silver mirrored the decline, falling 3% amid a 2% monthly dollar rally. Market participants await the Federal Reserve's rate decision for further directional cues.

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