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Newmont Stock Surges as Gold Prices Hit Record High Amid Market Uncertainty

Newmont Stock Surges as Gold Prices Hit Record High Amid Market Uncertainty

Author:

Global Cryptocurrency

Published:

2025-10-17 01:14:02

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BTCCSquare news:

Newmont Corporation (NEM) shares have surged 14.8% this week, buoyed by gold's ascent to a record $4,310 per ounce. Investors are flocking to the safe-haven asset as trade tensions between the U.S. and China escalate, government shutdown risks loom, and fears of a market correction intensify.

The Gold mining giant reported production of 6.8 million ounces in 2024, with 5.9 million ounces projected for 2025. While Newmont now trades at 12.2x operating cash flow—a premium to its historical 9.3x multiple—analysts suggest the stock remains compelling for exposure to gold's rally.

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