Commsec Market Analyst Laura Besarati explained that gold stocks are “benefitting” due to the lift in the spot price in the Asian Session today, hitting its all-time high in April for the current year.
“We did see the gold price actually retreating in the US session last night; it was down by around 0.6 percent,” Ms. Beserati revealed.
“But we have seen it pick back up in the Asian session today, up by around 0.4 percent to $2360 a barrel.“
“That means we’ve seen gold stocks benefiting today; we had the likes of Northern Star, Evolution, (and) Perseus all up in the order of 2.4 percent, 1 percent, and half a percent, respectively.”
- Published By Team Australia News
