🔴 NEM is trading 4.1% down today as rising yields and a stronger dollar pressure gold miners

NEM is trading 4.1% down today at $105.34 following renewed pressure on gold and miners from rising interest rates and bond yields.

• A TradingKey report cites a higher-for-longer rate outlook and a stronger dollar as key headwinds for Newmont despite its solid fundamentals.
• Broader U.S. equities are also trending lower, adding to a general risk-off sentiment that is weighing on the mining sector.
• No new company-specific shocks have been reported, with the move attributed to existing macro-economic pressures and cost concerns.