🔴 NovaGold Resources is trading 4.1% down today after weaker gold prices pressured gold miners

NovaGold Resources is trading 4.1% down now at $6.93 after weaker gold prices pressured gold miners.

• Gold futures were down 0.45% as markets increased expectations for a Federal Reserve rate hike.
• The U.S. 10-year Treasury yield exceeded 5%, making non-yielding gold less attractive.
• Broader market pressure also contributed, with the Dow down 0.92% and investors cautious ahead of the September 16 Federal Reserve decision; no September 15 company-specific announcement was identified.