NovaGold Resources is trading 4.1% down now at $6.95 after weaker gold prices and rising Treasury yields pressured gold-mining shares.
- Investors are positioning around the Federal Reserve’s September 16, 2026 rate decision, which delivered a 25-basis-point hike to 3.75%-4.00%.
- The decline appears sector- and macro-driven rather than company-specific; the broader market is mixed.
- The 10-year Treasury yield remains near 5%, making non-yielding gold less attractive.