On September 28, Newmont Mining fell 5.23% in regular trading, trading at $115.24/share, with turnover of approximately $52.93 million. The decline came as spot gold plunged nearly $70 during the Asian session, dropping to around $4,215/ounce, extending the prior week's cumulative loss of over 2%.

The sharp pullback in gold prices was driven by a combination of macro headwinds. Brent crude oil surged past $100/barrel amid Middle East tensions, intensifying inflation concerns and reinforcing expectations for further Federal Reserve rate hikes. The resulting strength in the U.S. dollar and Treasury yields placed significant downward pressure on precious metals. Markets are closely watching upcoming U.S. PCE and non-farm payroll data, which could shape the near-term trajectory of gold prices.

The broader gold mining sector saw widespread selling. Within the sector, Gold Fields fell 13.01%, AngloGold Ashanti dropped 6.56%, Agnico Eagle Mines declined 6.01%, Coeur Mining lost 5.8%, and Barrick Mining slipped 4.91%. As the world's leading gold producer with operations spanning multiple countries, Newmont Mining's revenue and earnings outlook is highly sensitive to gold price fluctuations, contributing to its sector-aligned decline.

(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.)