Newmont Stock Rises on Record Gold Prices and Board Appointment

Benzinga··US·Read original
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Summary · why it matters

Newmont Corporation shares surged Friday, supported by record gold prices and the appointment of a new board member. Spot gold traded above $4,500 an ounce, heading for a third consecutive weekly gain, as investors sought safe-haven assets amid currency and bond market volatility. The company announced Thursday that Peter Beaven, former group chief financial officer of BHP Group Limited, will join its board of directors effective September 1. Newmont stock was up 3.08% at $131.57 in premarket trading.

Impact on assets 3

Critical Materials & Supply Chain▲
Others▲
⛏Gold Futures
GOLD
▲ PositiveDemandrelevance

Gold prices rise to record high due to safe-haven demand.