Gold Soars Above $4,500/oz: Newmont Stock Jumps 3.08%

Newmont Corporation's shares rose by 3.08% in premarket trading on Friday to $131.57, as gold prices hit a record high of over $4,500 an ounce.

The increase in gold prices is attributed to investors seeking safe-haven assets amid volatility in currency and bond markets, as well as higher oil prices fueling inflation concerns.

Newmont's stock benefited from the surge in gold prices, which can increase the value of production and potentially boost margins and cash flow for miners like Newmont.