Why Newmont Shares Are Sliding On Friday - Newmont (NYSE:NEM)

Economic Overview - U.S. economic growth slowed sharply at the end of 2025, with GDP expanding at an annualized rate of 0.7% in the fourth quarter, revised down from an initial estimate of 1.4%, marking a deceleration from the 4.4% growth pace in the third quarter [2] - Mixed inflation data was reported, with the Personal Consumption Expenditures (PCE) price index rising 2.8% year over year in January, while Core PCE climbed to 3.1% [3] Gold Market Dynamics - Gold prices have declined as investors assess persistent geopolitical tensions in the Middle East against signs of cooling economic growth, trading at $5,083 per ounce, down 6.20% from the January 28 peak of $5,419 [4] - The metal is also down 4.49% since March 2, following the start of U.S. and Israel strikes on Iran on February 28 [4] Newmont Corporation Performance - Newmont shares are trading lower, down 3.48% at $110.50, reflecting pressure from economic data [6] - The stock is currently 8.6% below its 20-day Simple Moving Average (SMA) but remains 7% above its 100-day SMA, indicating short-term pressure within a longer-term uptrend [5] - Over the past 12 months, shares have increased by 143.94%, and the stock is positioned closer to its 52-week high of $134.88 than its low of $42.91 [5]