Newmont Stock Jumps 34.5% in August, and Gold's Rally Could Take It Higher

Newmont Corporation's stock surged 34.5% in August, driven by rising gold prices and a $1.95 billion agreement with Barrick Mining to resolve a Nevada Gold Mines joint venture dispute. The deal allows Newmont to add Barrick assets to the venture and generate operational synergies. Gold's appeal as a safe-haven asset was bolstered by high U.S. debt levels and geopolitical tensions, which may support further gains.