ASX 200 Weekly Wrap: ASX whipsaws in volatile week
ASX 200 Weekly Wrap: ASX whipsaws in volatile week
Here on our ASX 200 Foolish Weekly Wrap, we look at the things that moved the S&P/ASX 200 Index and the broader share market last week!
Sebastian Bowen has been a Motley Fool contributor since late 2018.
Sebastian found his passion for writing and educating others about shares and all things finance after completing his studies in political, economic and social science and enjoys bringing this passion to life at the Fool. His investment philosophy is a simple one - buying high-quality companies at prices that make sense. When he’s not researching his next investment at all hours of the morning, Sebastian enjoys classic movies and likes to unwind with a good book, newspaper or record.
Northern Star Resources Ltd (ASX: NST) could have a solid day after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.4% to US$1,883 an ounce. Weakness in the US dollar and bond yields drove the gold price higher.
Iron ore price sinks again
It could be another difficult day for iron ore producers
Fortescue Metals Group Limited(ASX: FMG), and
Rio Tinto Limited(ASX: RIO) after the iron ore price continued to sink. According to Metal Bulletin, the spot iron ore price is down a further 4.1% to US$192.42 a tonne.
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ASX gold shares can thank bitcoin for their brightening outlook fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
Debate during this bull market has focused on whether to buy high growth ASX tech shares or cyclicals and value shares, but we shouldn’t ignore their forgotten cousins – ASX defensive shares.