On September 2, Newmont Mining rose 3.05% in regular trading, trading at approximately $126.59/share, with turnover of $135 million. The rebound was primarily driven by a broad recovery across the gold mining sector, as investors moved to recoup losses from the prior session's sharp selloff triggered by hawkish signals from the Federal Reserve.

On the news front, spot gold surged over 3% intraday, touching $4,371.96/oz — the highest level since June 17 — lifting the entire precious metals complex. The previous trading day, Fed Chair Kevin Wach delivered a more hawkish-than-expected speech at the Jackson Hole symposium, warning that rate hikes may be necessary if underlying inflation does not sustainably decline, which sent spot gold tumbling 3.19% to $4,455/oz and the gold miners index down 4.6%.

Notably, the NYSE Arca Gold Miners Index posted a cumulative 33% gain in August, its best August performance on record dating back to at least 1994, underscoring sustained bullish sentiment across the sector. Within the Gold sector, Coeur Mining rose 5.25%, Barrick Mining rose 4.0%, Agnico Eagle Mines and Harmony Gold Mining each rose 2.99%, and Anglogold Ashanti gained 1.7%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)