US Stock Movement: Newmont plunges on September 28 as gold prices fall, Fed rate hike expectations rise, and the precious metals sector comes under pressure

Newmont September 28th Sharp Decline Analysis

Keywords: Gold price drop, Federal Reserve rate hike expectations, precious metals sector under pressure

1. On September 28th, 2026, Brent crude oil broke through $100 per barrel, driving up inflation and expectations for continued Federal Reserve rate hikes. The US dollar and US Treasury yields rose, while gold and silver prices simultaneously came under pressure. As a gold producer, Newmont was negatively affected by declines in the commodity prices.

2. On September 28th, 2026, gold fell below its 200-day moving average and neared the 50-day moving average. Earlier speculative long positions faced concentrated liquidations, and combined with outflows from gold ETFs, the entire precious metals sector was under pressure. Newmont declined by a total of 6.33% over the past five days.

(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)