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Why Is Newmont Stock Surging Friday?

BenzingaKaustubh Bagalkote

Newmont stock trades higher behind strong gold demand. See key support, resistance levels, and technical analysis for NEM.

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  1. The Motley FoolLee Samaha

    Newmont Stock Jumps 34.5% in August, and Gold's Rally Could Take It Higher

    Newmont Corporation's stock surged 34.5% in August, driven by rising gold prices and a $1.95 billion agreement with Barrick Mining to resolve a Nevada Gold Mines joint venture dispute. The deal allows Newmont to add Barrick assets to the venture and generate operational synergies. Gold's appeal as a safe-haven asset was bolstered by high U.S. debt levels and geopolitical tensions, which may support further gains.