Evolution Mining Ltd's stock soared 9.19% during intraday trading on Monday.
The surge came as gold prices jumped after U.S. and Iran officials said they reached a deal to end their conflict. This development pushed oil prices lower and eased concerns about inflation and higher interest rates, boosting demand for gold and gold-related stocks.
Australian gold stocks as a group jumped as much as 7.9%, with Evolution Mining among the notable gainers in the sector.
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