NYSE:NEMMetals and Mining
Newmont Reacts To Warsh Nomination And Shifting Gold Price Expectations
Newmont (NYSE:NEM) experienced sharp share price swings after Kevin Warsh was nominated as the next Federal Reserve chair.
The nomination, viewed by many investors as a hawkish signal for U.S. monetary policy, coincided with a rapid gold price selloff.
These moves introduced fresh volatility across gold miners, with Newmont’s stock reacting quickly to shifting expectations for interest rates and real yields.
Newmont comes into this news-heavy period with a recent share price of $112.85 and...