Newmont slides as gold prices retreat on higher yields and a firmer dollar

Newmont (NEM) stock dropped 6.0% due to a broad decline in gold prices, driven by higher U.S. Treasury yields and a stronger dollar amid renewed inflation concerns. This commodity-driven movement overshadowed Newmont’s strong Q1 free cash flow. Insider selling and shifts in institutional holdings have also been noted for the company.

XAUUSD-2.41%
NEM-6.2%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned