Regis Resources Limited (ASX: RRL) after the gold price rose overnight. According to CNBC, the spot gold price is up 1% to US$1,828.50 an ounce. The precious metal pushed higher after the US Federal Reserve reassured investors that it would continue with its accommodative monetary policy despite a strong inflation reading.
ARB update
The
ARB Corporation Limited(ASX: ARB) share price will be one to watch on Thursday following the release of a market update by the 4×4 parts manufacturer. ARB reported a 33.9% increase in unaudited sales revenue to $623 million for FY 2021. On the bottom line, it expects its full year profit before tax to be within the range of $145 million to $150 million. This will be an increase of 85.5% to 92% on FY 2020’s $78.1 million.
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