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(Reuters) -Newmont beat analysts' estimate for fourth-quarter profit on Thursday, as the world's biggest gold miner benefited from a rally in bullion prices and higher production.
Average price of gold has been rising over the past few quarters and hit multiple all-time highs during the October to December period, as uncertainties surrounding the U.S. presidential election and the Middle East tensions fueled demand for the safe-haven asset.
Newmont's quarterly gold production increased 9.2% ov...
>>> Read more: Newmont beats fourth-quarter profit estimate on higher gold production, prices
Average price of gold has been rising over the past few quarters and hit multiple all-time highs during the October to December period, as uncertainties surrounding the U.S. presidential election and the Middle East tensions fueled demand for the safe-haven asset.
Newmont's quarterly gold production increased 9.2% ov...
>>> Read more: Newmont beats fourth-quarter profit estimate on higher gold production, prices
