Stock Track | Newmont Mining Soars 6.28% in Pre-market as U.S.-Iran Ceasefire Boosts Precious Metals

Stock Track04-08

Newmont Mining's stock surged 6.28% during pre-market trading on Wednesday, following a broader rally in precious metals miners.

The move comes as gold and silver prices climbed to nearly a three-week high after the announcement of a two-week ceasefire agreement between the U.S. and Iran. Markets are reassessing near-term geopolitical risks following the ceasefire, which has driven increased demand for safe-haven assets like precious metals.

As one of the world's top gold miners, Newmont is directly benefiting from the rise in spot gold prices, which were up 2.2% in the session. The company's performance is tracking the broader precious metals sector, which saw significant gains across major miners following the geopolitical development.

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