Premarket Movers: Miners Bouncing Back with Gold Prices

Gold and Mining Stocks - Gold prices rebounded by approximately $55, leading to an increase in mining stocks such as Newmont Corp., which rose by about $1.85 [1] - SSR Mining shares increased by around 50 cents, while Freeport-McMoRan shares gained about 80 cents following the gold price rebound [1] Geopolitical and Economic Factors - Despite a recent pullback in gold prices, factors such as growing geopolitical tensions, economic uncertainty, expectations of further interest rate cuts, a weak dollar, and strong central bank interest could drive gold prices significantly higher [2] - Bank of America, JPMorgan, and HSBC analysts have set gold price targets of $5,000 to $5,055 by early 2026 [2] Rocket Lab Corp. - Rocket Lab Corp. shares rose by about $2 in premarket trading, following a significant increase from $40.88 to nearly $80 [3] - The company received a prime contract worth $816 million from the U.S. Space Development Agency to design and manufacture 18 satellites for missile tracking and defense [4][5] - In its third quarter, Rocket Lab reported a 48% year-over-year revenue increase to $155.1 million and narrowed its EPS loss to -$0.03 from -$0.10 a year ago [6] - The company projects Q4 revenue between $170 million and $180 million, slightly above expectations, with an adjusted EBITDA loss forecast of $23 million to $29 million [6] Micron Technology - Shares of Micron Technology increased by another $2.10 after a nearly $10 rise on Monday [8]