On September 4, Newmont Mining fell 3.15% in regular trading, trading at approximately $127.25/share, with turnover of $94.41 million. The decline was primarily driven by a sharp selloff in gold prices after U.S. August non-farm payrolls data came in far above expectations, weighing heavily on the precious metals mining sector.

On the news front, U.S. August non-farm payrolls increased by 162,000, significantly exceeding the market consensus of 55,000. Traders immediately ramped up bets on a Federal Reserve rate hike in September. Fed Chair Waller had previously issued hawkish signals at the Jackson Hole symposium, warning that rates may need to rise if underlying inflation does not sustainably decline, pushing the implied probability of a September hike to the 58%–66% range. The strong employment report further reinforced tightening expectations, sending gold prices below $4,400/oz and triggering broad weakness across the gold mining sector.

Within the Gold sector, Barrick Mining fell 2.07%, Agnico Eagle Mines fell 1.84%, Wheaton Precious Metals fell 1.65%, and Coeur Mining fell 1.62%.

(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.)