In times of uncertainty, gold has been the go-to for investors looking to weather the storm. And there’s plenty of it, currently. With the price of gold on the up, expecting to hit US$10,000 in the next few years, Australia’s gold miners could once again be providing sanctuary for investors...
Yesterday, Gold prices plunged below US$1,400 an ounce as markets opened in the aftermath of the G20 Summit in Japan. The most relevant news being US President Donald Trump and Chinese General Secretary Xi Jinping have agreed to resume US–China trade negotiations.
The latest news impacting the Newcrest share price centres around comments by Papua New Guinea’s treasurer about LNG and mining companies paying more to extract resources from the country.
Regis Resources' share price is up 5.20% since trading began this morning. It’s currently trading at $4.62, up 22 cents. The move comes as the gold price regains its momentum as investors begin to steer away from a battered global equities market.
Goldminer Northern Star Resources [ASX:NST] jumped 1.7% this morning to $4.78 per share. The billion-dollar miner is now up 32% for the year.