LA Private

March 22, 2024

Swiss rate cut pressures markets

Chinese shares have slumped, as has the Hong Kong market. Also, the Chinese currency has slumped and has had to be supported by government banks. A surprise interest rate cut by the Swiss National Bank (SNB) has pressured markets. Gold had surged to record highs above $US2,200 an ounce on Thursday after the Federal Reserve […]

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Winston’s Weekly: The US Fed and the Aussie residential market

This transcript has been AI generated: Manny Anton: Good morning and welcome to this week’s edition of Winston’s Weekly, covering all things property. I’m Manny Anton, your host for today’s property chat. Winston, welcome back. Winston Sammut: Thank you. Manny Anton: Nice shirt today. Winston Sammut: Thank you. Manny Anton: Any history behind that one

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Fool’s gold for gold bugs

A case of fool’s gold for gold bugs as the spot price finally topped US$2,200 an ounce on trading on Thursday, a day after the Fed indicated it would push to cut interest rates this year — but not just yet. Gold for June delivery closed up US$24.10 to settle at US$2,206.50 per ounce, topping

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Genesis Minerals’ five-year plan

Genesis Minerals (ASX:GMD) has revealed its long awaited five-year plan three days after saying it would be launched on Monday. The plan is aimed at building output to 300,000 ounces a year (probably a bit more) without departing from the mantra of (quality) profits over ounces. The surge in gold prices in recent weeks has

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Local markets drift lower as Consumer and Energy stocks weigh on the index

Australian equities ignored the US lead and drifted lower and into negative territory over the morning session with the S&P/ASX 200 trading down 0.34 per cent, weighed down by consumer discretionary and energy stocks. The SPI futures are pointing to a fall of 27 points. Energy stocks traded lower as oil prices drifted lower overnight

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Stocks of the Hour: Godolphin Resources, Develop Global, Core Lithium

To register for today’s webinar click here. Godolphin Resources (ASX:GRL) has received the final batch of results from the second phase program of leach testing and size fraction analysis undertaken by the Australian Nuclear Science and Technology Organisation (ANSTO) on REE mineralisation from the Company’s Narraburra Rare Earth Element Project, located 12km northeast of Temora

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