Newmont tumbles as gold drops 4% and CME hikes metals margins
Newmont shares dropped 5.7% to $99.70 as gold slid over 4% from record highs, with spot prices falling to $4,340.52 an ounce by midday. CME raised margin requirements on gold and silver futures, effective after Monday’s close. Agnico Eagle, AngloGold Ashanti, and Gold Fields also posted losses of 6–7%. SPDR Gold Shares ETF fell 4.5%.