Chief of gold mining behemoth Newmont making the most of rolling gold rush as yellow metal hits another high

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Chief of gold mining behemoth Newmont making the most of rolling gold rush as yellow metal hits another high

The ***********-born chief executive of $90 billion global mining giant Newmont is riding high on the back of transcendent gold prices, but isn’t letting the latest rush go to his head.

Gold miners have been relishing in the commodity’s latest bull run which has seen the US spot price of a troy ounce of gold lift nearly 24 per cent since the start of 2024. On Thursday night, gold hit another record of $US2570.10 ($3821.10) amid market anticipation of a long-awaited interest rate cut in the US.

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