July 26, 2024

At 11:35am, the S&P/ASX 200 is 0.84 per cent higher at 7,927.30. This is led by a strong performance in the materials sector driven by rising iron ore prices. The broader market was supported by optimism about the potential for a post-tech rotation, although there is disagreement about the timing and sustainability of this shift. […]

Unfortunate timing for Bellevue Gold (ASX:BGL) as it completed its $150 million placement (with indications of oversubscription) coinciding with a more than 2% decline in global gold prices following a much stronger-than-expected US economic growth in the June quarter. Normally, this would have been positive for gold, increasing the likelihood of a Fed rate cut

Heading into the weekend, it wouldn’t be surprising if the board of ANZ Bank is getting nervous about the growing bond trading scandal. They might be considering moves to try and cauterize the situation and end the string of bad news. There are three allegations/situations being investigated at ANZ:The most serious is that ANZ’s trading

Northern Star (ASX:NSM) is anticipating another modest rise in gold production this financial year, according to the guidance issued in Thursday’s June quarter and full-year production and sales report. The coming financial year will see substantial investment in expanding output, particularly in and around the Super Pit near Kalgoorlie, which continues to benefit the company.