Gold’s shine returns
February 3, 2023The week began with the anticipation of another US Fed Reserve push-up of interest rates. Yet, another notch but Australian investors enjoyed a day of solid trading, welcoming signals of cooling inflation.
The news remained positive on Wednesday and Thursday, with ASX futures up 44 and 20 points, respectively, at the start of trade, pointing to two days of gains at Market Open.
On Thursday, gentle reflections by the US Federal Reserve were enough to keep the ASX in positive territory—with the benchmark S&P/ASX200 index coming back after on promising start finishing up 9.9 points, or 0.13 per cent, to 7511.6. The broader All Ordinaries had gained 18.8 points, or 0.24 per cent, to 7728.5.
Small-cap gold miners enjoyed continued sunshine with solid gains as the recently embattled yellow metal climbed to more than $US1,950 an ounce for the first time since April on the sign of a long-awaited Fed pivot.
| Stock | Symbol | Price | Change % |
|---|---|---|---|
 RAGNAR FPO [RAG] RAG.AX | RAG.AX | $0.023 | 0.00% |
 LODESTAR FPO [LSR] LSR.AX | LSR.AX | $0.007 | 16.67% |
 STH HEM MI FPO [SUH] SUH.AX | SUH.AX | $0.03 | 11.11% |
 XTC.AX,0P0000A16F,0 XTC.AX | XTC.AX | $0.2 | 0.00% |
 DATELINE FPO [DTR] DTR.AX | DTR.AX | $0.099 | 1.00% |
 AYTMETALS FPO [AYT] AYT.AX | AYT.AX | $0.004 | 0.00% |
 CLASSICMIN FPO [CLZ] CLZ.AX | CLZ.AX | $0.001 | 0.00% |
Please note the following valuable information before using this website.
Independent Research
Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.
