NovaGold Resources is trading 5.1% down at $7.10 after gold prices weakened on September 14, 2026.
- U.S. gold futures opened down 0.8% as stronger oil-driven inflation concerns lifted expectations for a Federal Reserve rate hike this week, pressuring gold and mining shares.
- Reuters reported an 86.5% implied probability of a hike, up from 67% before last week’s inflation data.
- The decline follows NovaGold Resources’ 7.50 close on September 11 amid broader market weakness; no new company-specific announcement was identified.