🔴 NovaGold Resources is trading 5.3% down today as falling gold and rising yields pressure miners

NovaGold Resources is trading 5.3% down at $6.75 amid falling gold prices, higher Treasury yields and rising oil prices, which are weighing on gold miners.

• No company-specific catalyst was identified.
• Gold fell 2% in early Asian trade on September 28 as higher oil revived rate-hike concerns.
• NovaGold Resources’ next reported company event is its third-quarter results and investor call scheduled for October 8, not a new announcement on September 28.