By Reuters Staff
2 Min Read
April 26 (Reuters) - Australian shares were subdued on Monday as losses in gold miners and technology stocks were offset by gains in banks and miners that rose after iron ore prices firmed.
The S&P/ASX 200 index was down 0.13% at 7,052.20 by 0105 GMT, after having gained as much as 0.2%.
Weighing on the sentiment was a three-day snap lockdown announced on Friday in Western Australia’s capital Perth after two people tested positive for COVID-19.
The top percentage gainers on the benchmark index were NIB Holdings, up more than 13%, followed by Perpetual that gained 5.5%. Top losers were JB Hi-Fi and Silver Lake Resources, down 3% each.
Zip Co Ltd(ASX: Z1P) will be worth watching closely today. This follows a very positive night of trade on the tech-focused Nasdaq index. The Nasdaq was the standout performer and hit a record close ahead of major earnings updates by Amazon, Apple, Google, Microsoft, and Tesla this week.
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Yarrol and Mt Steadman Projects. EMX recently closed its acquisition of the Yarrol and Mt Steadman projects in the New England Orogenic Belt of northeastern Australia. This belt contains numerous gold mines and deposits, including the nearby Mt Rawdon IRGS gold mine operated by Evolution Mining Ltd.
Yarrol Project. The 17,500 hectare Yarrol project is located between EMX’s Queensland Gold project and Evolution Mining’s Mt Rawdon gold mine, and is positioned along the regional scale Yarrol Fault (see Figure 1b). Several other historical mines and active exploration projects also lie along the Yarrol Fault structural trend.
Yarrol was the site of historical mining activities from the 1800’s through the 1930’s, with gold production averaging ~10 g/t
Why these 3 ASX 200 gold shares are racing higher today
Bernd Struben | April 16, 2021 3:23pm |
More on:
Three of the top ASX 200 gold shares are all racing higher in late afternoon trading.
The
The
Northern Star Resources Ltd(ASX: NST) share price has gained 2.9% in intraday trading, currently at $11.21 per share.
And the
Evolution Mining Ltd(ASX: EVN) share price leads the golden charge, with Evolution shares up 3.9% to %4.59 per share.
What’s supporting ASX 200 gold shares?
ASX 200 gold shares are broadly enjoying a lift in the gold price.
Analysts are crediting the yellow metal’s rise with a fall in the US dollar and declining US bond yields. Adding to that, growing angst over possible rising inflation may be spurring investors to seek out the classic inflation hedge.
By Reuters Staff
2 Min Read
April 15 (Reuters) - Australian shares fell on Thursday, as losses across the board and a mixed finish on Wall Street overnight weighed on the benchmark index.
The S&P/ASX 200 index fell 0.33% to 7,000.2 in early trade, after having closed above 7,000-mark on Wednesday for the first time since late-February last year.
Wall Street’s main indexes closed mixed overnight, with the Nasdaq Composite and S&P 500 seeing a fall. The Dow Jones Industrial Average rose on bumper bank earnings.
In other markets, Nikkei futures were up 0.32% and S&P 500 E-minis futures added 0.18%.
Australian tech shares fell 1.49%, led by losses in Nearmap Ltd, down 3.1%, and Xero Ltd that shed 2.83%.