July 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.

If this were Australia, the 2.8% first estimate of June quarter economic growth from the US would have caused panic among the worrywarts in the business media and chattering class—not to mention the scaredy cats at the Reserve Bank—who would have been reaching for their ‘Rate Rise Now’ lever before even getting out of bed

The U.S. and Europe aim to reduce their reliance on China for rare earths, but low prices and Beijing’s market influence pose significant challenges. This year, rare-earth prices have dropped significantly, reaching approximately three-year lows. The spot price of neodymium-praseodymium, a key market segment, has decreased by nearly 20% since January to around $50,000 per

Big Tech and AI stocks resumed their sell off as investors continued to rotate into the undervalued small cap and cyclical sectors. The broad S&P 500 fell 0.5 per cent, while the Nasdaq closed 0.9 per cent lower. The Dow Jones was the best performer of the major indices finishing the day in the green

Shares and the Australian dollar experienced declines for the second consecutive session on Thursday due to weakened commodity prices, prolonging a challenging July for Australia’s base metal miners. The S&P/ASX 200 dropped 1.3%, or 102.5 points, to 7861 points, marking its worst day since June 11 and lowest close since July 10. The Australian dollar

Shares and the Australian dollar experienced declines for the second consecutive session on Thursday due to weakened commodity prices, prolonging a challenging July for Australia’s base metal miners. The S&P/ASX 200 dropped 1.3%, or 102.5 points, to 7861 points, marking its worst day since June 11 and lowest close since July 10. The Australian dollar

Most foreign reports of the second quarter results highlighted how well the world’s biggest gold miner performed, particularly in terms of gold and copper production, cash flows, and earnings. However, these reports failed to mention that, if not for the all-paper takeover of Newcrest, Newmont’s performance would have been flat to weak, consistent with results