Gold Prices Rise Amid Middle East Conflict
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
0mins
Should l Buy NEM?
Source: Barron's
Newmont Corporation's stock price increased by 5.00% as it reached a 5-day high, reflecting a positive market response to the rising gold prices driven by the escalating Middle East conflict.
The recent surge in gold prices, approximately 1% higher at $4,553.69 per ounce, is attributed to investors seeking safe-haven assets amid geopolitical tensions. Analysts at Goldman Sachs predict that despite a projected 14.6% decline in gold prices for the month, prices could rebound to $5,400 per ounce by the end of 2026, driven by central bank diversification and normalization of speculative positioning.
This upward movement in Newmont's stock indicates a favorable outlook for gold mining companies as demand for gold increases during times of uncertainty, suggesting that investors may find opportunities in gold-related assets.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 120.670
Low
89.00
Averages
110.85
High
125.00
Current: 120.670
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.
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