Stock Track | Newmont Corp Soars 5.89% Intraday as Gold Prices Hit Record High

Stock Track

Jan 12

Newmont Corp-CDI (NEM.AU) saw its shares soar 5.89% during Monday's intraday trading session, reaching an all-time peak. The surge in the stock price was driven by a significant rise in gold prices, which hit a new record high.

Gold prices rose 1.3% to $4,469.49 per ounce on Monday, after reaching a record high of $4,600 per ounce earlier in the day. This upward movement in gold prices positively impacted Newmont Corp, a leading gold producer, as investors flocked to gold-related stocks amid the commodity's bullish trend.

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