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...
The latest news out of the company is that it has produced its first gold bars from its Gruyere project. Targeting production of up to 100,000 ounces this year, the share price of Gold Road Resources Ltd [ASX:GOR] is up 7.54%, trading at $1.07.
The gold price broke through AU$2,000 today. We take a look at the factors that drove this spike and two gold stocks.
At time of writing, the ASX 200 is 0.56% lower, sitting on 6260.6 points. Much of today’s market movement can be traced back to US President Donald Trump, or more precisely, China.
Today we will be talking about the rising gold price and how this feeds into the growing risk-off sentiment in global markets.
On what was expected to be another disappointing day for the ASX, the index has instead made impressive gains in the opening hour of trade. Leading the charge is Resolute Mining Limited [ASX:RSG], up seven cents, or 5.94%, to $1.16 per share. The move comes...
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.