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 […]
Fool’s gold for gold bugs Read More »
Three per cent looks like the new normal for US interest rates after this week’s Fed meeting with its new forecasts and the updated dot plot. This means that anyone hoping for US rates to return to a sub 2 per cent level is silly, and the most likely range will be between 2 per
Rates will be higher for longer Read More »
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
Genesis Minerals’ five-year plan Read More »
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
Local markets drift lower as Consumer and Energy stocks weigh on the index Read More »
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
Stocks of the Hour: Godolphin Resources, Develop Global, Core Lithium Read More »
The US Justice Department sued Apple in an antitrust case, claiming that the iPhone maker has a monopoly over the phone market that has harmed consumers, developers, and rival companies. The government claims that Apple’s ecosystem, from the Apple Watch to Apple Pay, supports that monopoly. Apple shares fell more than 4% during trading Thursday,
The DOJ files antitrust lawsuit against Apple Read More »
Good news and bad news on Friday from NZ-based Fisher and Paykel Healthcare. Ahead of the March 31 end to its financial year, the company has revealed an upgrade to guidance but it also disclosed that it is facing a hit from a potential fall in property values (which will be a non-cash item in
FPH upgrades earnings guidance driven by currency rate movements Read More »
Continued interest in AI and the big tech stocks provided the momentum to push the three main indexes to new record closes. The S&P 500 closed up 0.3 per cent and the Nasdaq closed up 0.2 per cent. The Dow Jones was the best performing index closing up 0.7 per cent. Turning to US sectors,
AI & Tech names push US markets to new record close Read More »
WA has three, the Northern Territory has one, now NSW could have a rare earths project all of its own. For that we can thank the US government. Australian Strategic Materials (ASX:ASM) joins Lynas (ASX:LYC), Iluka (ASX:ILU) and Arafura (ASX:ARU) in the rare earths business after Thursday’s announcement. Australian Strategic told the ASX on Thursday
Australian Strategic receives letter of intent from US government Read More »
The Australian jobs market is stronger than all those commentators, economists and experts thought a month ago when the January labour force report from the Australian Bureau of Statistics showed a second month of weak data after December’s surprise. Economists, politicians, media writers, brokers and analysts all went on about how the labour market cooled
Strong jobs market Read More »
