1. Newmont shares dropped 4.8% amid U.S.-China tariff agreement. 2. Gold futures fell 3.1%, leading to a risk-on asset shift. 3. Newmont's stock gained 45% in 2025 before recent selloff. 4. U.S. equities surged due to tariff cuts, impacting gold prices. 5. Gold contracts have increased 22% this year but are declining.
The drop in gold prices combined with U.S.-China tariff cuts suggests decreased demand for safe-haven assets like gold, correlating with historical trends of falling prices after trade optimism.
The news directly affects gold prices, which have a direct relationship to Newmont's stock performance. As tariffs decrease, risk appetite increases, likely pushing gold prices low and affecting NEM negatively.
The immediate impact from the tariff agreement is likely to stabilize in the coming months, as market sentiment may shift back to gold in response to ongoing economic uncertainties.