--- title: "Why Are Precious Metal Stocks Falling Today?" type: "News" locale: "en" url: "https://longbridge.com/en/news/300306576.md" description: "Precious metal stocks fell in premarket trading as gold dropped to a seven-week low below $4,200 an ounce. The decline was driven by rising oil prices fueling inflation concerns and increased expectations for U.S. Federal Reserve interest rate hikes. Major companies including Newmont, Barrick Mining, and Agnico Eagle saw significant losses. Analysts cited higher rates raising the opportunity cost of holding non-yielding gold as a key factor." datetime: "2026-09-28T12:36:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300306576.md) - [en](https://longbridge.com/en/news/300306576.md) - [zh-HK](https://longbridge.com/zh-HK/news/300306576.md) generator: "portal-rs" --- # Why Are Precious Metal Stocks Falling Today? **Newmont Corporation** (NYSE:NEM), **Barrick Mining Corporation** (NYSE:B) and other gold and silver stocks fell in premarket trading Monday after gold prices dropped to their lowest level in more than seven weeks. Gold fell below $4,200 an ounce, while higher oil prices fueled inflation concerns and strengthened expectations for further U.S. interest rate increases, according to Trading Economics. ## Why Gold Is Falling Brent crude oil rebounded after President **Donald Trump** rejected Iran’s latest proposal to reopen the Strait of Hormuz. Trump expects talks to resume this week, while Iran said it will not soften its conditions. Rising energy costs tend to lift prices across the economy. **UBS** analyst **Giovanni Staunovo** said higher oil prices and rate hike expectations are “the main drivers behind gold’s recent weakness.” Higher rates raise the opportunity cost of holding gold, which pays no interest, Reuters reported. **Read Also: Stock Market Today: S&P 500, Dow Jones Futures Fall as Rising Yields and Trump’s Hormuz Deal Rejection Spook Investors** ## Fed Rate Hike Odds In Focus CME’s FedWatch Tool showed a 70.3% chance of a Fed rate hike in October. The Fed raised rates by a quarter percentage point earlier this month. Cleveland Fed President **Beth Hammack** said Friday she is concerned that persistently high inflation could condition the public to accept elevated prices, according to Reuters. ### Gold And Silver Stocks Premarket | Company | Monday Premarket % Change | Monday Premarket Price | | --------------------------------- | ------------------------- | ---------------------- | | Newmont | -4.46% | $116.02 | | **Royal Gold Inc** (NASDAQ:RGLD) | -3.96% | $242.49 | | **Coeur Mining, Inc** (NYSE:CDE) | -5.67% | $18.13 | | **Anglogold Ashanti** (NYSE:AU) | -7.99% | $91.12 | | **US Gold Corp** (NASDAQ:USAU) | -0.40% | $15.53 | | Barrick Mining | -4.29% | $41.04 | | **Agnico Eagle Mines** (NYSE:AEM) | -4.48% | $185.76 | | **SPDR Gold Trust** (NYSE:GLD) | -3.27% | $380.55 | ## Other Metals And Market Views Spot silver fell 4.8% to $61.17 per ounce, platinum fell 2.4% to $1,735.88 and palladium fell 2.2% to $1,239.60. **Saxo Bank** analysts said much of the selling occurred during Asian hours and may reflect profit-taking by Chinese investors ahead of the Golden Week holiday, which starts Thursday. **Raphael Lamm**, whose **L1 Gold Fund** has returned a net 235% since launching last year, called the decline “very temporary,” citing U.S. government debt above $40 trillion and growing central-bank allocations. **Read Also: Coinbase CEO Says AI Agents Could Break Corporate Software Monopolies From Within: 'Most Companies Would Move Faster'** *Image via Shutterstock* ### Related Stocks - [AEM.US](https://longbridge.com/en/quote/AEM.US.md) - [GOLD.US](https://longbridge.com/en/quote/GOLD.US.md) - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [NWMX.US](https://longbridge.com/en/quote/NWMX.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [RGLD.US](https://longbridge.com/en/quote/RGLD.US.md) - [CDE.US](https://longbridge.com/en/quote/CDE.US.md) - [AU.US](https://longbridge.com/en/quote/AU.US.md) - [USAU.US](https://longbridge.com/en/quote/USAU.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [B.US](https://longbridge.com/en/quote/B.US.md) ## Related News & Research - [PRECIOUS-Fed tightening bets weigh on gold prices](https://longbridge.com/en/news/300234221.md) - [Gold Bull Run Looks Finished—Unless You Look Closer](https://longbridge.com/en/news/300295250.md) - [PRECIOUS-Gold rises after hitting seven week-low, Fed hike bets curb advance](https://longbridge.com/en/news/300464721.md) - [Strategic case for precious metals](https://longbridge.com/en/news/300392149.md) - [PRECIOUS-Gold heads for weekly decline as dollar firms, Fed rate outlook weighs](https://longbridge.com/en/news/300087943.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**