New York, January 21, 2026, 14:47 EST — Regular session underway
- Newmont shares dipped slightly from early highs, following a strong rally the previous day.
- Gold surged past $4,800 an ounce, hitting a new record amid geopolitical headlines and shifting rate expectations.
- Traders are eyeing bullion, the dollar, and policy updates as they look for the next move in miners.
Newmont Corporation shares edged up 0.2% to $119.17 in Wednesday afternoon trading, after hitting an intraday high of $122.19 and falling to a low of $118.25. Around 9.3 million shares changed hands.
The stock is once again acting as a clear barometer for bullion. Gold’s recent jump is significant because it’s drawing fresh cash into “safe-haven” bets — those assets investors flock to when risk jitters hit — and major miners tend to amplify gold’s price moves.
Spot gold surged past $4,800 an ounce for the first time, reaching a new high of $4,887.82. The jump came amid rising geopolitical tensions tied to U.S. President Donald Trump’s bid to take control of Greenland. “There’s a bit of fear of missing out on this trade,” said RJO Futures strategist Bob Haberkorn. Yet ANZ’s Soni Kumari cautioned that “there could be some correction” with volatility on the rise. A Reuters poll also showed most economists expect the Federal Reserve to keep rates steady through this quarter, which tends to bolster gold since it yields no interest. (Reuters)
Newmont ended Tuesday at $118.94, marking a 4.22% gain for the day, according to data from Zacks. (Zacks)
Wednesday saw mixed action in the sector: Agnico Eagle slipped 0.9%, Franco-Nevada dipped 0.1%, and both AngloGold Ashanti and Gold Fields dropped over 2%.
Broader markets wavered amid the same headlines. Global shares climbed Wednesday following Trump’s softer remarks on Greenland in Davos, while gold maintained its strength. Europe scheduled an emergency summit for Thursday to tackle the dispute. (Reuters)
But this trade can reverse quickly. If geopolitical tensions ease or the dollar strengthens, gold prices could retreat—and miners often take a bigger hit. On another front, Ghana’s leading mining industry group warned that planned revisions to the country’s tax and royalty policies might scare off investors. It also said stability agreements with miners, including Newmont, won’t be renewed. (Reuters)
Newmont’s next major event is its earnings report. The company plans to unveil fourth-quarter and full-year 2025 results after North American markets close on Feb. 19. A conference call will follow at 5:30 p.m. EST. (Newmont)
