Gold price dips, gold stocks slide as Newmont and GDX track bullion lower before U.S. jobs data
New York, January 8, 2026, 10:12 EST — Regular session
Gold-linked stocks fell in early New York trade on Thursday as the gold price eased and traders cut exposure ahead of U.S. jobs data.
Newmont (NEM) was down about 2.9% and the VanEck Gold Miners ETF (GDX) slid about 2.3%, while the SPDR Gold Shares ETF (GLD) eased roughly 0.4% by mid-morning.
The timing matters. Friday’s employment report is the next big read on how fast the Federal Reserve can keep cutting rates, and gold tends to react hard to shifts in that view.
The Chicago Fed’s estimate put December unemployment at 4.6%, and markets were pricing only about a 10% chance of a cut at the Fed’s Jan. 27-28 meeting; Morgan Stanley economists wrote that “a…
