On September 3, Newmont Mining rose 3.07% in pre-market trading, trading at $128.7/share, with turnover of approximately $2.8778 million. The gain reflects the gold mining sector's continued rebound, extending recovery from the sharp selloff triggered by hawkish Fed signals at the Jackson Hole symposium.

Fed Chair Wosh previously warned at the Jackson Hole annual meeting that rate hikes could be necessary if underlying inflation fails to decline sustainably, sending spot gold tumbling to $4,455/oz and dragging the gold mining stock index down 4.6% in a single session. After two consecutive trading days of recovery, bullish sentiment across the sector has gradually warmed. The NYSE Arca Gold Miners Index posted a cumulative 33% gain in August, its best August performance since at least 1994, providing underlying support for the rebound.

Additionally, Schroders recently upgraded its gold rating to positive, citing structural demand from central bank purchases and Asian buyers as long-term pillars, while noting that gold's investment thesis is increasingly decoupling from interest rate constraints. The broader Gold sector saw broad-based gains, with Pan American Silver up 3.51%, Anglogold Ashanti up 3.23%, Coeur Mining up 3.22%, Agnico Eagle Mines up 3.18%, and Barrick Mining up 2.97%.

(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.)