On September 1, Newmont Mining fell 3.19% in regular trading, trading at $122.96/share, with turnover of $54.49 million. The decline was primarily driven by a sharp pullback in gold prices and a sudden surge in Federal Reserve rate hike expectations.

On the news front, Fed Chair Waller delivered a more hawkish-than-expected signal at the Jackson Hole Global Central Bank Symposium, warning that rate hikes may be necessary if underlying inflation does not sustain its decline. Market-implied probability of a September rate hike jumped sharply to 58%–66%. Spot gold tumbled 3.19% to $4,455/oz on the day, while COMEX gold futures dropped 3.43%, and the gold mining stock index fell 4.6%.

Within the Gold sector, the broader group came under widespread pressure. Among individual stocks, Agnico Eagle Mines fell 3.2%, Wheaton Precious Metals fell 3.59%, Coeur Mining fell 3.3%, Anglogold Ashanti fell 2.6%, and Barrick Mining fell 2.45%.

(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.)