CAPITAL MARKETS

Gold stocks in demand

Gold price up on talk of trade war

Staff reporter

This article is 6 years old. Images might not display.

Among the larger capitalised stocks in Australia, gold miners were three of the top five gainers today.

Resolute Mining (AU:RSG) rose 3.4% and both Regis Resources (AU:RRL) and Newcrest Mining (AU:NCM) closed up around 2%.

In the US, Newmont Mining (US:NEM) rose 1.49% yesterday, while steel manufacturer Nucor Corp (US:NUE) was US8c lower at $67.78 but still about $1 higher than a week ago prior to Trump's proposal for steel and aluminium tariffs.

North of the border, diversified Ivanhoe Mines (CN:IVN) continued to regain lost ground.

It closed 3.93% higher but remains down about 25% year-to-date, having slumped around five weeks ago on concerns over a new mining code in the Democratic Republic of Congo.

London-listed gold miner Randgold Resources (LN:RRS) gained 2.09% yesterday.

Finally, diversified Anglo American (LN:AAL) rose 3.96% after announcing continued demand for rough diamonds and being named the "top pick of the majors" by an investment bank, due to its current undervaluation.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.