Gold Rush Loses Momentum in Runup to Newmont Earnings

Group 1 - Gold experienced a significant decline of 5.7% on Tuesday, marking its worst day since 2013, but stabilized on Wednesday with a slight increase of 0.2% [1][2] - Despite the recent drop, gold prices are up nearly 60% in 2025, indicating a strong performance for the year, potentially the best since 1979 [2] - Central banks are expected to continue diversifying away from the US dollar, and anticipated Federal Reserve rate cuts may enhance gold's attractiveness [2][3] Group 2 - Kevin Khang from Vanguard noted that gold's future is influenced by two contrasting economic outlooks: optimism from AI innovations and downside risks from inflation and fiscal deficits [3] - Newmont, a major gold mining company, is set to report its latest earnings, with analysts cautioning that expectations for a significant quarter may be overly optimistic due to the recent price range of gold [3] - Newmont's shares rose 0.8% on Wednesday after a previous drop of 9%, reflecting the volatility in the gold market [3]