The primary driver behind the downward movement and intraday volatility in Newmont Corporation shares is the pullback in underlying gold spot prices. The precious metals market faced persistent pressure as the U.S. dollar hovered near recent highs and Treasury yields remained elevated following hawkish signals from Federal Reserve officials. With monetary policy expectations pointing toward prolonged higher interest rates to manage persistent inflationary pressures, non-yielding assets like gold experienced reduced appeal. Given Newmont’s significant operational leverage as the world’s largest gold producer, sudden drops in bullion prices directly weigh on realized profit margins and near-term cash flow expectations, sparking…