Newmont Goldcorp is trading 4.87% lower at $115.52 now as gold prices fell more than 2% on September 28.
- Reuters attributed the gold decline to rising oil prices, inflation concerns and expectations of further Federal Reserve rate hikes.
- Higher yields also weigh on non-yielding gold, adding pressure to gold-mining shares.
- No clear company-specific catalyst was identified; broader materials-sector weakness is supporting context.