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Wajeeh Khan

Newmont Stock Leads Gold Miners Lower as Gold Prices Plummet

Newmont Gold NEM

Newmont (NEM) stock is tumbling on Monday amid a more than 3% decline in spot gold (XAUUSD) prices that triggered a broader selloff across precious metal miners. As of this writing, NEM is challenging its 50-day moving average (MA), with a decisive break below the $116 expected to accelerate downward momentum in the weeks ahead.

Despite the recent decline, however, Newmont shares remain up about 15% versus the start of 2026.

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