🔴 Newmont Goldcorp is trading 4.53% down in pre-market amid falling gold prices

Newmont Goldcorp is trading 4.53% down in pre-market at $115.93; gold weakness is relevant sector context, not a confirmed cause.

• September 28, gold fell more than 1%; Reuters reported spot gold down 1.5% at $4,223.95 per ounce as rising oil heightened inflation concerns and reinforced further Federal Reserve rate-hike expectations.
• No fresh company-specific catalyst surfaced. Newmont’s $0.26 quarterly dividend, declared earlier, is scheduled for payment September 28.
• Broader markets were weak; supplied index declines were below 0.5%.