Trade jitters trump bulls

MARKET fretting about the prospects for future world trade saw the Metals & Mining index start the week like the rest of the ASX 200 – down!

Trade jitters trump bulls Trade jitters trump bulls Trade jitters trump bulls Trade jitters trump bulls Trade jitters trump bulls

Overall the resources sector lost nearly 0.5%, with the gold patch’s gain of about 1.4% the sole highlight for the bulls.

The bullion price moved up early in ASX trade before starting to soften, and was at about $US1194 per ounce when the ASX closed.

Mixed base metal futures were on show in Asian trade, with nickel’s gain of nearly 0.7% the best of the suite.

Gold bull John Welborn’s Resolute Mining was the equity leader for the day among the bigger mining stocks, with production peers Northern Star and Alacer also enjoying gains of more than 2%.

Among the nimble and nifty, Beacon Minerals (BCN) gained more than 50% intra-day on good turnover, meaning a gain of 300% over ...

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