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Newmont Corporation (ASX:NEM) is Wealth Within’s ‘Hot Stock’ Tip today.
Formerly Newcrest Mining, Newmont closed out FY24 near its highest level since its float on the ASX late last year.
In this segment, Filip Tortevski and Dale Gillham look at the recent history of NEM’s trading and also the gold futures price.
“Well this could be the flight to safety because I know there is a lot of negative news around the US economy and US markets so that might be the reason why there’s a lot more interest in gold at the moment,” Mr Gillham said.
The ‘Proceed with Caution’ stock this week is Bluescope Steel (ASX:BSX) and the ‘Not Hot’ stock is real estate investment trust, Dexus (ASX:DXS).
Wealth Within’s live Australian Stock Market show is live tonight at 7pm (AEST), on YouTube.
Dale Gillham is Chief Analyst at Wealth Within and international bestselling author of How to Beat the Managed Funds by 20%. He is also the author of Accelerate Your Wealth—It’s Your Money, Your Choice, which is available in bookstores and online at www.wealthwithin.com.au
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