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Newmont stock price closes near $130 as gold flirts with $5,200 — what to watch next week
Newmont Corp (NEM) stock closed Friday with a 1.98% gain at $130.00, defying a broader market downturn, as spot gold flirted with $5,200 an ounce due to geopolitical tensions and softer U.S. Treasury yields. Bernstein upgraded Newmont to Outperform with a $157 price target, projecting gold at $4,800 by 2026 and $6,100 by 2030, citing Newmont’s strong exposure to rising bullion prices. Upcoming economic data, particularly the February U.S. Employment Situation report on March 6, could influence gold prices and Newmont’s stock performance next week.