July 2024

For the second month in a row, high world prices kept China out of the world gold market in June. This news will disappoint all those bulls who expected the country to re-enter after prices fell $100 USD per ounce from all-time highs in May. Data on China’s foreign reserves and their makeup, released Sunday […]

Iron ore prices slipped late last week from three-month highs on Thursday but still finished the first week of the new financial year with a small gain. The SGX trading platform saw the price of 62% Fe fines close down 3% on Friday at $US110.25. This was still up $US4 per tonne from the June

Gold prices jumped on Friday as the US dollar and US bond yields fell in the wake of the weakest jobs report in several months. Comex gold futures briefly topped $2,400 an ounce before closing at $2,399. Despite a jump in the value of the US dollar to nearly 67.50 US cents, the Aussie dollar

US crude prices eased off a seven-week high at Friday’s close, despite robust summer demand. West Texas Intermediate crude for August delivery closed down 44 US cents to settle at $83.44 per barrel, while September Brent crude, the global benchmark, was down 32 cents at $86.36 a barrel. An easing in fears about damage to

US inflation returns to center stage this week, as do US second-quarter earnings, while the June and June quarter economic reports from China start appearing. There’s also another interest rate decision from New Zealand mid-week. Markets will have to come to terms with the second-round results from France’s parliamentary elections. European markets, led by the

The broader market surged to new highs following the release of the much anticipated jobs numbers which pointed to a cooling labour market raising hopes the Fed will stick to its rate cut forecasts for later this calendar year. The broad S&P 500 added 0.54 per cent closing at a new record high of 5,567.

Even though Tesla has again managed to remain ahead of BYD in the global battery-powered EV (BEV) production and sales race, analysts say it’s only a matter of time before the Chinese car giant moves into the lead. According to research group Counterpoints, that could come later this year. Other analysts are not so sure

As Westgold Resources (ASX:WGX) heads towards its $1.3 billion merger with Karora Resources later this year, it is also approaching record revenues of over $700 million for the year ending June 30. This comes despite a drop in annual gold output. In a second statement to the ASX on Thursday, following news of its first

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Share markets mostly rose over the last week, with US shares buoyed by increasing

Len Jubber – Executive Chairman – South Harz Potash Limited (ASX:SHP) was founded in 2015 in Australia and specialises in the development of potash mining projects.