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0.000684285553953009 0.00088278699371654 -0.00581768354682714 -0.00414256591169119 -0.0105080129252078 -0.0161096062971022 0.00172034581128458 -0.00188115710425773
Stock impact report

Newmont Shares Retreat as Warsh Pick Weighs on Gold [Yahoo! Finance]

Newmont Corporation (NEM) 
Last newmont corporation earnings: 2/20 06:55 am Check Earnings Report
Company Research Source: Yahoo! Finance
That move comes as gold prices are down about 4% earlier in the session. It briefly dipped below $5,000 per ounce before rebounding above that level. Investors reacted to reports that the Trump administration is preparing to announce its pick for the next Federal Reserve chair, with Kevin Warsh viewed as the frontrunner. Markets have interpreted the prospect as a shift toward a less dovish monetary stance. The U.S. Dollar Index climbed as much as 0.4% following the news, immediately increasing the cost of greenback-priced commodities. Warsh, a former Fed governor, is viewed by analysts as a hawk who may prioritize balance sheet reduction, which typically creates headwinds for non-yielding assets like gold. This macro shift has hit Newmont particularly hard given its status as one of the primary institutional vehicles for gold exposure. The pressure also follows Thursday's sharp sell-off in technology stocks. According to the Financial Times , some traders may have been forced to Show less Read more
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