Newmont’s Wild Ride: Gold Boom Propels Stock to Record Highs, Then Earnings Jolt – What’s Next for NEM?
Gold Rally Sends Newmont Soaring, Then Sliding Newmont – the world’s largest gold producer – has ridden 2025’s gold rush to staggering heights. Spot gold prices blasted past $4,000 per ounce for the first time ever in early October and kept climbing to about $4,381/oz at their peak ts2.tech ts2.tech. This “record-busting rally” has been driven by a perfect storm of factors: investors seeking safety amid geopolitical strife (from Middle East unrest to U.S.–China trade tensions), fears of a potential U.S. government shutdown, and expectations that the Federal Reserve will start cutting interest rates as inflation cools ts2.tech ts2.tech. With