Gold Market Enters Bear Territory: How Should Investors Respond?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2026
0mins
Source: Fool
- Gold Price Decline: Spot gold prices have plunged over 25% from their all-time high of $5,608.35 per ounce in January 2026, marking the first bear market since 2022, prompting investors to reassess their strategies regarding gold and related stocks.
- Inflation and Rate Impact: With inflation rising to 4.2% in May 2023 and the Federal Reserve delaying interest rate cuts, institutional investors are pivoting towards U.S. Treasury bonds, diminishing gold's appeal as a non-yielding asset and exacerbating its price decline.
- Mining Companies Outlook: While major gold miners like Newmont and Barrick Mining have seen improved financials due to rising gold prices, they project lower gold production for 2026, which could negatively impact revenues and cash flows as gold prices fall, leading to a decline in their stock prices.
- Investment Strategy Adjustment: For investors bullish on gold's long-term prospects, this price correction should be viewed as a buying opportunity rather than a reason to panic-sell, with gold ETFs like SPDR Gold Trust and VanEck Gold Miners ETF providing efficient exposure to gold or gold stocks.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to rise
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 105.670
Low
89.00
Averages
110.85
High
125.00
Current: 105.670
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Newmont Corporation Secures Approval for Red Chris Project
- Project Approval Milestone: The Province of British Columbia has approved Newmont Corporation's Red Chris Block Cave project, facilitating the transition from open-pit to block caving operations, which is expected to extend the mine's life into the mid-2040s, significantly enhancing the company's long-term resource development potential.
- Environmental Assessment Certificate: The approvals include an amended Environmental Assessment Certificate and Mines Act permit achieved through a consent-based process with the Tahltan Nation, reflecting the company's commitment to responsible resource development and strengthening its collaboration with local communities.
- Job Creation Opportunities: The project is expected to generate over 1,800 construction jobs and sustain approximately 1,500 peak-season operating roles, further driving a roughly 15% increase in Canada's copper production, positively impacting the local economy.
- Strategic Investment Decision: Newmont is completing a Definitive Feasibility Study for the Red Chris Block Cave and is expected to make a final investment decision later this year, further solidifying its leadership position in the global mining market.
See More
Newmont's Executive Changes Boost Stock Performance
- Executive Changes: Newmont announced the appointment of a new CFO, COO, and CTO, effective July 1, which contributed to a nearly 3% stock increase despite broader market declines, indicating strong investor confidence.
- New CFO Background: Brian Tabolt, the new CFO, is a company veteran who joined in 2021 and previously served as chief accounting officer, bringing extensive financial management experience that is expected to enhance the company's financial transparency and execution.
- Leadership in Operations and Technology: New COO Mark Rodgers and CTO David Thornton are both current executives, with Rodgers having joined in 2020 and Thornton in 2016, which will likely strengthen the company's operational efficiency and technological innovation capabilities.
- Enhanced Strategic Execution: The company stated in its press release that the new leadership team will bolster its ability to execute strategies effectively, ensuring strong alignment across operations, finance, and technical functions, thereby improving performance and delivering long-term shareholder value.
See More
Newmont Appoints New CFO, COO, and CTO
- Executive Appointments: Newmont has appointed Brian Tabolt as the new CFO, Mark Rodgers as COO, and David Thornton as CTO, effective July 1, showcasing the company's deep internal talent pool.
- Market Performance: In the context of these executive changes, Newmont's stock rose nearly 3% on Tuesday, contrasting with a 0.6% decline in the S&P 500, indicating increased market confidence in the new leadership.
- Strategic Execution Capability: The company stated in its press release that the new executives will enhance its “ability to execute its strategy with clarity and focus,” which will help improve performance, maintain cost discipline, and deliver long-term value for shareholders.
- Internal Promotion Advantage: This appointment reflects Newmont's capability to promote from within, strengthening the company's adaptability and competitiveness in a rapidly changing market environment.
See More
Newmont Appoints New Executives, Stock Rises
- Executive Changes: Newmont announced the appointment of a new CFO, COO, and CTO after market close on Monday, with all appointments effective July 1, leading to a nearly 3% stock price increase, reflecting market confidence in the new leadership team.
- New CFO Background: Incoming CFO Brian Tabolt, a company veteran who joined in 2021 and previously served as chief accounting officer, brings extensive financial management experience, which is expected to enhance the company's financial execution.
- Operational and Technical Leadership: New COO Mark Rodgers and CTO David Thornton, both current executives, will leverage their experience—Rodgers since 2020 and Thornton since 2016—to further improve operational efficiency and drive technological innovation within the company.
- Enhanced Strategic Execution: Newmont's press release emphasized that the new appointments will strengthen alignment across operations, finance, and technical functions, which is anticipated to improve performance, maintain cost discipline, and ultimately deliver long-term value for shareholders.
See More
Mixed US Stock Market with Energy Stocks Under Pressure
- Market Divergence: The S&P 500 Index fell by 0.18% and the Nasdaq 100 Index dropped by 0.83%, while the Dow Jones Industrial Average rose by 0.69% to a new all-time high, indicating a divergence in market performance, particularly as energy stocks are pressured by plunging crude oil prices.
- Weak Housing Data: US May housing starts fell by 15.4% month-over-month to a six-year low of 1.177 million, significantly below the expected 1.430 million, while building permits also declined slightly, reflecting weakness in the real estate market that could negatively impact overall economic growth.
- Oil Price Impact on Sentiment: WTI crude oil prices dropped over 3% to a 3.25-month low due to the US-Iran agreement to reopen the Strait of Hormuz, which has eased inflation expectations; while this provides short-term support for stocks, the long-term effects remain to be seen.
- Fed Meeting Focus: The market is turning its attention to the two-day FOMC meeting, where rates are expected to remain unchanged, but the press conference led by new Chair Kevin Warsh will be crucial, as investors will look for insights on future inflation outlook and policy direction.
See More
Mixed Performance in US Stock Indices Amid Energy Sector Pressure
- Mixed Market Performance: The S&P 500 Index rose by 0.11%, the Dow Jones Industrial Average increased by 0.57%, while the Nasdaq 100 Index fell by 0.18%, indicating a complex market sentiment particularly influenced by the pressure on energy stocks due to declining oil prices.
- Oil Price Impact: WTI crude oil prices dropped over 3% to a 3.25-month low, easing inflation expectations and providing support for stocks and bonds, reflecting a cautious market outlook on future economic growth.
- Weak Housing Data: US May housing starts fell by 15.4% month-over-month to a six-year low of 1.177 million, below the expected 1.430 million, indicating potential challenges for economic recovery stemming from a sluggish real estate market.
- FOMC Meeting Focus: Market attention shifts to the two-day FOMC meeting, where rates are expected to remain unchanged, but the press conference led by new Chair Kevin Warsh will be pivotal in shaping future monetary policy directions.
See More
Newmont Corporation Secures Approval for Red Chris Project
- Project Approval Milestone: The Province of British Columbia has approved Newmont Corporation's Red Chris Block Cave project, facilitating the transition from open-pit to block caving operations, which is expected to extend the mine's life into the mid-2040s, significantly enhancing the company's long-term resource development potential.
- Environmental Assessment Certificate: The approvals include an amended Environmental Assessment Certificate and Mines Act permit achieved through a consent-based process with the Tahltan Nation, reflecting the company's commitment to responsible resource development and strengthening its collaboration with local communities.
- Job Creation Opportunities: The project is expected to generate over 1,800 construction jobs and sustain approximately 1,500 peak-season operating roles, further driving a roughly 15% increase in Canada's copper production, positively impacting the local economy.
- Strategic Investment Decision: Newmont is completing a Definitive Feasibility Study for the Red Chris Block Cave and is expected to make a final investment decision later this year, further solidifying its leadership position in the global mining market.
See More
Newmont's Executive Changes Boost Stock Performance
- Executive Changes: Newmont announced the appointment of a new CFO, COO, and CTO, effective July 1, which contributed to a nearly 3% stock increase despite broader market declines, indicating strong investor confidence.
- New CFO Background: Brian Tabolt, the new CFO, is a company veteran who joined in 2021 and previously served as chief accounting officer, bringing extensive financial management experience that is expected to enhance the company's financial transparency and execution.
- Leadership in Operations and Technology: New COO Mark Rodgers and CTO David Thornton are both current executives, with Rodgers having joined in 2020 and Thornton in 2016, which will likely strengthen the company's operational efficiency and technological innovation capabilities.
- Enhanced Strategic Execution: The company stated in its press release that the new leadership team will bolster its ability to execute strategies effectively, ensuring strong alignment across operations, finance, and technical functions, thereby improving performance and delivering long-term shareholder value.
See More
Newmont Appoints New CFO, COO, and CTO
- Executive Appointments: Newmont has appointed Brian Tabolt as the new CFO, Mark Rodgers as COO, and David Thornton as CTO, effective July 1, showcasing the company's deep internal talent pool.
- Market Performance: In the context of these executive changes, Newmont's stock rose nearly 3% on Tuesday, contrasting with a 0.6% decline in the S&P 500, indicating increased market confidence in the new leadership.
- Strategic Execution Capability: The company stated in its press release that the new executives will enhance its “ability to execute its strategy with clarity and focus,” which will help improve performance, maintain cost discipline, and deliver long-term value for shareholders.
- Internal Promotion Advantage: This appointment reflects Newmont's capability to promote from within, strengthening the company's adaptability and competitiveness in a rapidly changing market environment.
See More
Newmont Appoints New Executives, Stock Rises
- Executive Changes: Newmont announced the appointment of a new CFO, COO, and CTO after market close on Monday, with all appointments effective July 1, leading to a nearly 3% stock price increase, reflecting market confidence in the new leadership team.
- New CFO Background: Incoming CFO Brian Tabolt, a company veteran who joined in 2021 and previously served as chief accounting officer, brings extensive financial management experience, which is expected to enhance the company's financial execution.
- Operational and Technical Leadership: New COO Mark Rodgers and CTO David Thornton, both current executives, will leverage their experience—Rodgers since 2020 and Thornton since 2016—to further improve operational efficiency and drive technological innovation within the company.
- Enhanced Strategic Execution: Newmont's press release emphasized that the new appointments will strengthen alignment across operations, finance, and technical functions, which is anticipated to improve performance, maintain cost discipline, and ultimately deliver long-term value for shareholders.
See More
Mixed US Stock Market with Energy Stocks Under Pressure
- Market Divergence: The S&P 500 Index fell by 0.18% and the Nasdaq 100 Index dropped by 0.83%, while the Dow Jones Industrial Average rose by 0.69% to a new all-time high, indicating a divergence in market performance, particularly as energy stocks are pressured by plunging crude oil prices.
- Weak Housing Data: US May housing starts fell by 15.4% month-over-month to a six-year low of 1.177 million, significantly below the expected 1.430 million, while building permits also declined slightly, reflecting weakness in the real estate market that could negatively impact overall economic growth.
- Oil Price Impact on Sentiment: WTI crude oil prices dropped over 3% to a 3.25-month low due to the US-Iran agreement to reopen the Strait of Hormuz, which has eased inflation expectations; while this provides short-term support for stocks, the long-term effects remain to be seen.
- Fed Meeting Focus: The market is turning its attention to the two-day FOMC meeting, where rates are expected to remain unchanged, but the press conference led by new Chair Kevin Warsh will be crucial, as investors will look for insights on future inflation outlook and policy direction.
See More
Mixed Performance in US Stock Indices Amid Energy Sector Pressure
- Mixed Market Performance: The S&P 500 Index rose by 0.11%, the Dow Jones Industrial Average increased by 0.57%, while the Nasdaq 100 Index fell by 0.18%, indicating a complex market sentiment particularly influenced by the pressure on energy stocks due to declining oil prices.
- Oil Price Impact: WTI crude oil prices dropped over 3% to a 3.25-month low, easing inflation expectations and providing support for stocks and bonds, reflecting a cautious market outlook on future economic growth.
- Weak Housing Data: US May housing starts fell by 15.4% month-over-month to a six-year low of 1.177 million, below the expected 1.430 million, indicating potential challenges for economic recovery stemming from a sluggish real estate market.
- FOMC Meeting Focus: Market attention shifts to the two-day FOMC meeting, where rates are expected to remain unchanged, but the press conference led by new Chair Kevin Warsh will be pivotal in shaping future monetary policy directions.
See More
