DENVER, September 28, 2022--Newmont Corporation (NYSE: NEM, TSX: NGT) today announced that Nancy Buese will step down from the role of Executive Vice President and Chief Financial Officer of Newmont on November 1, as she pursues an opportunity outside of the Company. Nancy will be succeeded by Brian Tabolt on an interim basis as Newmont commences a global search.
In the latest trading session, Newmont Corporation (NEM) closed at $40.27, marking a -0.79% move from the previous day.
Precious metals stocks and precious metals reacted positively to Federal Reserve Chairman Jerome Powell’s announcement that interest rates will by 0.75%. Because this sector is traditionally considered an inflation hedge — although not so much lately — the slightly upward move may be a little surprising. Taking rates higher is designed to stop inflationary trends. The daily price chart of the SPDR Gold Trust (NYSE: GLD) looked like this at the close Wednesday: The bullish engulfing candlestick —