Newmont Mining (NEM) Stock Soaring Friday as Gold Prices Rally

New York (Jan 31)  Shares of Newmont Mining Corp.  (NEM) were higher by 4.10% to $25.16 in late afternoon trading on Friday, as some gold and mining related stocks rise along with the price of the precious metal.

Gold for April delivery is gaining by 2.09% to $1,282.20 per ounce on the COMEX this afternoon.

The price of the yellow metal is advancing due to a 2% decline on expectations for a rise in U.S. interest rates, Reuters reports.

Source:TheStreet