Why Newmont Stock Is Tumbling Today

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Newmont Corporation (NEM) stock is falling today, extending its March losses to 18%, as the price of gold drops amidst fears that the Federal Reserve will maintain high interest rates due to sticky inflation and rising oil prices. Despite the current sell-off, the article suggests that dips in Newmont stock could be a buying opportunity, highlighting the company’s strong free cash flow and commitment to growing dividends. Investors are advised against panicking, considering Newmont’s resilience as a gold miner.

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