Shares of Newmont (ASX:NEM) fell around 1%, while Northern Star Resources (ASX:NST) and Evolution Mining (ASX:EVN) each rose about 1% in Wednesday trade, supported by strong gold demand amid safe-haven buying, expectations of US rate cuts, a weaker dollar, and ongoing central bank support.
Spot gold rose 1.1% to about $4,493 per ounce after hitting a record $4,498.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments