{
  "id": 4850756,
  "title": "Why is Newmont Goldcorp stock sliding today?",
  "url": "https://urgent.news/2026/09/01/why-is-newmont-goldcorp-stock-sliding-today",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T11:24:32.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/why-is-newmont-goldcorp-stock-sliding-today-93CH-4883854"
  },
  "original_language": "en",
  "account": "Newmont Goldcorp Corp stock experienced a 2.6% decline in pre-open trading, trading at $122.83, as a result of a broader retreat in gold prices following Federal Reserve Chair Kevin Warsh's hawkish address at the Jackson Hole symposium. The chairman's comments suggested that inflation remains stubbornly above target and that the central bank may consider a near-term interest rate hike. As the world's largest gold mining corporation, Newmont's stock is closely tied to the price of gold, so any macro force affecting the metal directly impacts the stock's performance. Additionally, Newmont's ex-dividend date for its $0.26 per share quarterly dividend is approaching, scheduled for September 3, 2026, which may cause mild pre-ex-date selling as short-term traders position around the record date. The company also announced the appointment of Peter Beaven, the former Group CFO of BHP, to its Board of Directors, a move seen as a long-term positive due to his extensive mining and finance credentials. However, this announcement did little to offset the broader market selling pressure. The S&P 500 and NASDAQ both declined in early indications as rising rate-hike odds ripple across risk assets. The probability of a 25-basis-point Fed rate hike in September is now estimated at 57%, a significant increase from just a week earlier at around 40%. This stronger dollar environment is historically a negative for gold and gold equities. Peer companies in the gold mining sector are also facing pressure in pre-market trading, indicating that the decline is more widespread within the sector rather than being specific to Newmont. Despite the recent decline, Newmont's stock remains above its 52-week low of $73.44 and has not yet reached its 52-week high of $135.29.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}