{
  "id": 4600585,
  "title": "CNMC Goldmine down 8.7% after gold tumbles on US Fed inflation pledge",
  "url": "https://urgent.news/2026/08/31/cnmc-goldmine-down-8-7-after-gold-tumbles-on-us-fed-inflation-pledge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T01:46:03.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/cnmc-goldmine-down-8-7-after-gold-tumbles-us-fed-inflation-pledge"
  },
  "original_language": "en",
  "account": "Shares of CNMC Goldmine plummeted by up to 7.4% on Monday (August 31) after the price of gold dipped sharply due to the Federal Reserve chairman's promise to combat inflation. The stock plummeted to its lowest point of S$1.36, a decrease of S$0.13, as it was traded without dividend entitlement. The dividend payment, set for September 11, will total S$0.02. The decline in CNMC Goldmine's value came after gold prices slipped more than 3% on Friday, following Kevin Warsh's speech as the newly appointed Fed chair in May. During the speech, Warsh emphasized his intention to reduce US inflation to the firm and fixed 2% target, leading to speculation of a potential interest rate hike. Gold prices were approximately 0.3% lower at US$4,443.61 per ounce by 3.50 pm on Monday. On August 20, CNMC Goldmine's shareholders approved the transfer of the previously listed stock to the mainboard, effective from August 28.",
  "summary": "This follows spot gold falling more than 3% on Aug 28",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "CNMC Goldmine down 7.4% after gold tumbles on US Fed inflation pledge",
        "url": "https://urgent.news/2026/08/31/cnmc-goldmine-down-7-4-after-gold-tumbles-on-us-fed-inflation-pledge",
        "published": "2026-08-31T01:46:03.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Gold drops to nearly two-week low as hawkish Fed bets rise amid oil-driven inflation fears",
        "url": "https://urgent.news/2026/08/31/gold-drops-to-nearly-two-week-low-as-hawkish-fed-bets-rise-amid-oil",
        "published": "2026-08-31T04:40:55.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}