Movement Alert|Barrick Mining Corporation Falls 3.09% in Pre-Market Trading, Gold Sector Under Broad Pressure Amid Rising Rate Hike Expectations

Market Focus
Sep 14

On September 14, Barrick Mining Corporation fell 3.09% in pre-market trading, trading at $42.33 per share, with turnover of approximately $2.91 million.

The decline comes amid continued pressure on the gold sector driven by escalating Fed rate hike expectations. According to CME FedWatch data, the probability of a cumulative 25-basis-point rate hike by September stands at 71.3%, while U.S. long-term Treasury yields have surged to 19-year highs, creating significant headwinds for non-yielding assets such as gold and gold mining equities.

Within the Gold sector, the board showed broad-based weakness. Among individual stocks, Anglogold Ashanti fell 4.92%, Coeur Mining dropped 3.89%, Kinross declined 3.71%, Agnico Eagle Mines lost 2.97%, and Newmont Mining slipped 2.92%.

(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.)

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