The primary catalyst behind the downward pressure on Newmont Corporation’s stock is a sharp correction in spot gold prices, which has been driven by a shifting macroeconomic landscape. Hawkish monetary policy expectations took center stage as Federal Reserve officials signaled growing support for upcoming interest rate hikes, highlighting a commitment to restoring price stability. This hawkish backdrop pushed the U.S. dollar index to its highest level in over a year and lifted real yields, substantially increasing the opportunity cost of holding non-yielding bullion. As the world’s largest gold producer, Newmont’s equity performance is heavily tethered to the underlying metal, and the sudden decline in gold prices immediately…