Why Did Newmont Stock Just Crash Below $100?

NodeGuardian

2026-03-23 00:47:05

Abstract generation in progress

Newmont (NEM) stock has fallen below $100 for the first time since early January, retreating nearly 30% from its 52-week high. This crash is attributed to a significant sell-off in gold, which plummeted over 5% following the Federal Reserve’s decision to keep interest rates unchanged amidst surging oil prices and inflation fears, increasing the opportunity cost of holding gold. Despite the current volatility, investors are advised against panic-selling due to Newmont’s strong financial footing, while potential buyers might consider waiting for market stabilization.

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