🔴 NovaGold Resources is trading 4.16% down in pre-market as gold fell on inflation concerns

NovaGold Resources is trading at $6.24, down 4.16% as weaker gold prices pressure gold-related shares.

• Gold fell more than 1% as higher oil prices stoked inflation concerns and reinforced expectations that rates could stay higher for longer.
• Pre-market context showed the S&P 500 down 0.91% and Nasdaq down 1.51%; Reuters linked the retreat to technology concerns and Middle East tensions.
• No fresh company-specific catalyst was identified; evidence points to sector and broader-market pressure. Trading volume was unavailable.