EL7.AI
CommoditiesMediumUpdated•Originally published 28 September 2026•Updated 28 September 2026•
1 min read

Mining Stocks Decline as Gold Hits Seven-Week Low

A red downward arrow over gold bars, a mining truck, and a bar chart on a yellow background.

Key Facts

1Gold prices fell to a seven-week low on Monday driven by oil-related inflation concerns and expectations of Federal Reserve rate hikes.
2Major mining stocks including Newmont saw declines in premarket trading following the drop in metal prices.

Gold prices fell to a seven-week low on Monday, September 28, 2026. Benzinga reported that the decline was driven by oil-related inflation concerns and increasing expectations of interest rate hikes by the Federal Reserve.

Major mining stocks saw declines in premarket trading following the drop in metal prices. Newmont (NEM) closed at $121.43 on September 25, 2026, having traded between a day low of $119.9 and a high of $121.94 during that session.