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Newmont Shares Drop 2.6% as Gold Falls and Rates Seen Higher

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Sig1.55Sen-2.30Env0.00Soc0.00Gov+1.10

Newmont Goldcorp Corp shares fell 2.6% in pre-market trading to $122.83 as gold prices dropped after Federal Reserve Chair Kevin Warsh warned inflation is above target and a September rate increase remains possible. The move also reflected weakness in other gold-mining stocks and broader equities. Newmont also appointed Peter Beaven to its board effective September 1.

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