Newmont Corp. shares fell 2.40% to $124.20 in Wednesday premarket trading as international gold prices broke below the key $4,300-per-ounce support level, approximately NT$140,000. A resurgent U.S. dollar, rising Treasury yields and the Federal Reserve’s renewed rate-hike cycle have increased the opportunity cost of holding non-yielding gold, adding to market concerns over bullion’s outlook. Newmont remains above its 50-day and 200-day simple moving averages after a September golden cross, although its MACD has weakened and the stock trades below its 20-day average. Analysts hold a Strong Buy consensus with an average price forecast of $141.80. Resistance is near $135 and support near $121.50. Newmont also has significant ETF exposure through XLB, XME and VAW.