Movement Alert|Newmont Mining Falls 3.1% in Regular Trading, Gold Sector Under Broad Selling Pressure as Dollar and Treasury Yields Weigh on Bullion

Market Focus
Sep 23

On September 23, Newmont Mining fell 3.1% in regular trading, trading at 123.1 USD/share, with turnover of 34.2384 million USD.

The decline came amid broad-based weakness across the gold mining sector. Spot gold had recently slipped below the 4,300 USD/ounce level, pressured by a stronger U.S. dollar holding above the 100 mark on the dollar index and the 10-year Treasury yield hovering near the psychologically significant 5% threshold. The combination of a firmer greenback and elevated bond yields exerts dual pressure on non-yielding assets such as gold, eroding the near-term pricing support for mining equities.

Within the Gold sector, stocks declined broadly. Among individual names, Anglogold Ashanti PLC fell 4.77%, Equinox Gold Corp. fell 4.28%, Agnico Eagle Mines fell 3.77%, Coeur Mining fell 3.65%, and Barrick Mining Corporation fell 2.92%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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