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Actionable news in NEM: NEWMONT MINING Corp,

Newmont Mining (NEM) Stock Gains on Higher Gold Prices

NEW YORK (TheStreet) -- Newmont Mining (NEM - Get Report) stock is surging by 6.22% to $30.91 in afternoon trading on Monday as gold prices reach their highest level in nearly three weeks today.

Gold for June delivery is advancing by 1.26% to $1,259.50 per ounce on the COMEX, as weak economic data and uncertainty regarding monetary policy has resulted in higher demand for safe-haven assets.

Reduced expectations for further monetary tightening this year has propelled gold prices to their best quarter in three months through March, Reuters reports.

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