Stock Track | Newmont Corp Plummets 9.37% Intraday as Gold Tumbles After Trump's Fed Nomination

Stock Track

02/02

Newmont Corp's stock plummeted 9.37% during intraday trading on Monday, reflecting a sharp decline in the gold mining sector.

The drop followed a significant fall in gold prices, which tumbled past 10% from last week's record highs after US President Donald Trump nominated Kevin Warsh as the new chairman of the US Federal Reserve. This development negatively impacted shares of major gold miners, including Newmont.

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