Newmont Goldcorp is trading 4.1% up at $96.91 in pre-market, rebounding alongside a sharp rally in gold prices following recent weakness.
- The upward move is driven by softer U.S. labor data, which has eased Fed rate hike expectations and boosted non-yielding assets like gold.
- The stock is bouncing from oversold levels after a one-month decline of more than 12%, with gold miners currently outperforming the broader mixed equity futures.