Soft end to weak week for miners

THE ‘risk-off’ tone impacting markets continued on the ASX today with miners not immune and the Metals & Mining sector falling about 0.6% on the ASX 200.

Soft end to weak week for miners Soft end to weak week for miners Soft end to weak week for miners Soft end to weak week for miners Soft end to weak week for miners

The Australian gold patch was the main exception to the theme with it gaining an impressive 2% or so.

The buying of gold equities came despite bullion not doing much to impress as it traded at levels around US$1317 per ounce as the ASX was moving towards closure for the weekend.

Gold stocks took out the first six positions as the best performers of the larger capitalised mining stocks, with Mineral Resources the first interloper after its strong half year results were unveiled yesterday.

Jake Klein’s Evolution Mining was the biggest individual gainer, sporting a rise of 4.5%.

Meanwhile, the risk-off trading led to profits taken on the likes of Clean TeQ, Lynas, Syrah and ...

loader