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Where Does Newmont’s (ASX:NEM) Price Gap Stand as Gold Slips?

Where Does Newmont’s (ASX:NEM) Price Gap Stand as Gold Slips?

Highlights

  • Spot gold has slipped beneath a closely watched round-number mark after hotter-than-expected US inflation data, pressuring gold miners. As Newmont Corporation trades on the ASX through CHESS Depositary Interests outside the ASX 200, growing attention is also being directed towards ASX Technical Analysis as companies across the sector navigate changing market conditions.
  • For readers following ASX news today, Newmont Corporation remains among the smaller names drawing attention.
  • Newmont’s local shares gapped sharply higher last week, leaving an open price gap that now acts as the key support zone.
  • The stock eased in Wednesday’s session, and the…

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