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Stocks of the Hour: Sunstone Metals, Immutep, European Metals Holdings, QX Resources

To register for Friday’s webinar click here. Sunstone Metals (ASX:STM) announced the initial Exploration Target shows Limon is on track to be a substantial gold-silver deposit. In response, Sunstone Managing Director Malcolm Norris commented, “we believe there is every potential for a staged development at Bramaderos with Limon being the higher grade, lower cost, first […]

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Ping An denies plans to acquire Country Garden

Chinese insurer Ping An has denied any intentions to acquire the troubled property group, Country Garden. This denial comes in response to a lengthy Reuters report that claimed the Chinese government had requested Ping An to lead the rescue efforts for the country’s second-largest developer. The Reuters report, published late Wednesday, garnered significant attention. According

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Oil prices drop amid Israel-Hamas conflict and 2024 US car demand worries

Global oil prices dropped to new three-month plus lows on Wednesday. Fears related to the Israel-Hamas conflict in the Middle East took a backseat to concerns about the strength of demand in 2024, particularly from US car drivers. This marked the third consecutive daily decline for the prices of the world’s two major marker crudes,

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Companies immune from rate rises: Sonic Healthcare, Cochlear, Transurban

Companies discussed include: Sonic Healthcare Limited (ASX:SHL)Cochlear (ASX:COH)Transurban Group (ASX:TCL) The following transcript was automatically generated Hello, this is Stock Watch with Chris Pedersen on Wednesday, the 8th of November 2023. Any advice provided is general advice. It may not be suitable for you. Always consult your financial advisor before making any investment. All questions

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China continues to buy gold

The latest data on China’s foreign exchange reserves, issued late last week, showed the country bought a further 23 tonnes of the metal in October, marking the 12th successive month of active gold purchases. This took China’s reported gold reserves to a total of 2,215 tonnes, an increase of 204 tonnes since the beginning of

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Afternoon update: ASX up 0.26% as oil falls to three-month low

Oil prices dropped to a three-month low, with Brent falling towards $81 a barrel, due to concerns over declining US gasoline consumption and a deteriorating demand outlook. American gasoline demand is expected to reach a 20-year low per capita next year, influenced by rising pump prices, inflation, and reduced discretionary driving, according to a US

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