Stock Track | Newmont Corp Plummets 5.71% Intraday as Gold Prices Tumble After Fed Holds Rates Steady

Stock Track

Mar 19

Newmont Corp's stock experienced a significant decline of 5.71% during intraday trading on Thursday. The sharp drop came amid broader market weakness and specifically affected gold-related stocks.

The price movement for Newmont Corp aligns with a substantial overnight decline in gold prices. According to market reports, gold futures fell 3.1% to US$4,853.3 an ounce as traders sold the precious metal following the US Federal Reserve's decision to keep interest rates unchanged.

As a major gold mining company, Newmont Corp's stock performance is closely tied to gold price movements. The Federal Reserve's monetary policy decisions often influence gold prices, with steady interest rates sometimes reducing the appeal of non-yielding assets like gold compared to interest-bearing investments.

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The Federal Reserve's monetary policy decisions often influence gold prices, with steady interest rates sometimes reducing the appeal of non-yielding assets like gold compared to interest-bearing investments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NEM.AU","symbol_name":"NEWMONT CORP-CDI","start_time":0,"source_url":"","article_id":"1115734108","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115734108","pubTimestamp":1773874948,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Newmont Corp's stock experienced a significant decline of 5.71% during intraday trading on Thursday. 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