Gold Digger: Precious metal hangs in there after bearish week; Singapore shapes as gold market hub

Estimated read time 12 min read

The price of gold is clinging to crucial support levels as we close out a topsy-turvy week for precious metal commodities
The World Gold Council is doing its best to prop up the gold market, though – particularly in Singapore
ASX goldies making solid gains this week include: AGC, CDT, PRX

 

Friday afternoon. Another weekend upon us. That’s gold. (And wet, if you’re in Sydney.)

Let’s make this relatively brief as we cover off some of the relevant weekly news, take a quick look at the latest ASX goldie performers and get on outta here.

 

Gold – the latest

As you will have probably noticed by now, the price of gold has dipped compared with this time last week, although that said it appears to be holding steady enough at levels of support.

Just a blip on the road to Sickgainzville? Probably. There are various topsy-turvy factors at play this week, which we’ll cover off for good measure…

The price of gold in US dollars, at the time of writing, is trading at $2,307 and about $3,482 in the Aussie version.

Good news for stocks and risk assets and, actually the likes of gold and silver, materialised in the week with tamer-than-expected inflation-related data churned out in the US with the latest CPI figures landing, giving rising hope to US interest rate cuts (plural) this year.

But, the Fed… Although it held rates steady as expected, it then had to go and ruin the party with hawkish tonality, suggesting the job’s nowhere near done, yada yada, probably just one cut this year not the three you’ve all been frothing for, yada yada.

The PPI, though… the Producer Price Index, also came in lower than market expectations, but the Fed’s short-term damaging words still linger.

At least globally, interest rates are starting to fall, with the European Central Bank and the Bank of Canada both pulling out the shears lately due to easing inflation pressures in their respective economies.

 

The European Central Bank says that the euro’s role as a reserve currency has declined in favour of the dollar and the yen.

Of course, the ECB does not mention gold.

Gold has overtaken the euro in global international reserves.

Gold is coming for all paper currencies…

— Gold Telegraph (@GoldTelegraph_) June 12, 2024

News out of China, though, didn’t help matters much for gold this week, with its central bank, the People’s Bank of China, announcing it has paused its 18-month bullion buying spree. This seemed to drag the yellow metal down somewhat. That said, it’s not as if China has indicated it no longer has plans to buy gold – it simply held steady in May at 72.80 million troy ounces.

How’s the TA? We’ll revert to an expert over at Kitco for that. Jim Wyckoff notes that: “Technically, August gold bulls have quickly lost their slight overall near-term technical advantage. A bear flag or bearish pennant pattern has formed on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at last week’s high of $2,406.70.

“Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $2,250.00.”

For now, then gold holds at and just above the June low technical support level of about US$2,304.

Right, what else is going on? Ah, yes – this…

 

Singapore shapes as world gold market hub

The World Gold Council – an international body of ladies and gentlemen who happen to know a thing or two about the gold market, – has this week highlighted the fact that, along with the Singapore Bullion Market Association, it’s working “with local stakeholders” to develop Singapore as a global gold market hub.

This comes as some reassurance that, despite the news of China’s surprising gold-buying pause, Asia on the whole is still very much positioning as a dominant player in the global gold market.

“The rapid rise of Asia as the largest source of gold buying has moved the centre of gravity of the market, and this has created an opportunity for an international gold hub in Asia,” noted Chen Qinghan, Central Banks and Public Policy Lead at the WGC in an announcement late this week.

Per Kitco again: in an interview with CNBC, Shaokai Fan, head of Asia-Pacific and global head of central banks, said that Singapore is poised to become a future leader in the gold market as Asian central banks see a growing need for an official gold reserve center.

Fan sees a Singapore gold market rivalling other international hubs such as London and New York.

The Monetary Authority of Singapore is reportedly the sixth biggest gold buyer so far this year, some way behind Turkey, China India and Kazakhstan.

 

ASX Winners & Losers

Here’s how ASX-listed precious metals stocks are performing, circa 4pm June 14:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.

Stocks missing from this list? Please email [email protected]

Code Company Price % Week % Month % YTD Market Cap MRR Minrex Resources Ltd 0.01 0% -9% -1% $10,848,675 NPM Newpeak Metals 0.02 -23% -3% 1% $2,843,223 ASO Aston Minerals Ltd 0.0115 -23% -12% -1% $14,245,707 MTC Metalstech Ltd 0.26 21% 6% 4% $46,293,875 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 GED Golden Deeps 0.049 0% 26% 0% $5,660,595 G88 Golden Mile Res Ltd 0.011 -8% -8% -1% $4,523,451 NMR Native Mineral Res 0.034 0% 79% 1% $7,134,917 AQX Alice Queen Ltd 0.007 0% 17% 0% $4,145,940 SLZ Sultan Resources Ltd 0.01 0% -9% -1% $1,975,865 MKG Mako Gold 0.01 -9% -23% 0% $9,760,082 KSN Kingston Resources 0.076 -8% -4% 0% $55,854,578 AMI Aurelia Metals Ltd 0.165 -8% -11% 6% $278,811,622 PNX PNX Metals Limited 0.004 -20% -11% 0% $23,880,859 GIB Gibb River Diamonds 0.0435 -9% 81% 1% $9,306,416 KCN Kingsgate Consolid. 1.57 -11% -12% 20% $407,247,673 TMX Terrain Minerals 0.003 -14% 0% 0% $4,295,012 BNR Bulletin Res Ltd 0.045 0% -13% -10% $13,212,600 NXM Nexus Minerals Ltd 0.037 -23% -38% -1% $15,562,405 SKY SKY Metals Ltd 0.033 -13% -18% 0% $19,455,254 LM8 Lunnonmetalslimited 0.2 -18% -31% -40% $44,657,891 CST Castile Resources 0.078 -1% -15% 0% $18,868,389 YRL Yandal Resources 0.115 -15% 0% 3% $30,797,876 FAU First Au Ltd 0.002 -33% -50% 0% $3,323,987 ARL Ardea Resources Ltd 0.515 -13% -20% 4% $111,755,232 GWR GWR Group Ltd 0.091 -3% -17% 0% $30,194,366 IVR Investigator Res Ltd 0.0495 -13% -7% 1% $82,361,738 GTR Gti Energy Ltd 0.005 0% -17% 0% $10,249,735 IPT Impact Minerals 0.016 -14% -27% 1% $48,950,939 BNZ Benzmining 0.16 0% 14% -9% $15,249,136 MOH Moho Resources 0.004 0% -20% -1% $2,156,713 BCM Brazilian Critical 0.017 -6% -29% -1% $15,784,049 PUA Peak Minerals Ltd 0.004 0% 0% 0% $4,165,506 MRZ Mont Royal Resources 0.053 -5% -4% -10% $4,676,639 SMS Starmineralslimited 0.028 8% -7% -1% $2,277,684 MVL Marvel Gold Limited 0.008 -11% -20% 0% $6,910,326 PRX Prodigy Gold NL 0.003 20% 0% 0% $5,294,436 AAU Antilles Gold Ltd 0.006 0% -33% -2% $5,979,210 CWX Carawine Resources 0.1 -5% 0% -1% $23,612,545 RND Rand Mining Ltd 1.39 -6% -13% 2% $79,057,586 CAZ Cazaly Resources 0.021 5% 20% -1% $10,001,999 BMR Ballymore Resources 0.17 -3% 6% 5% $31,811,505 DRE Dreadnought Resources Ltd 0.018 6% 0% -1% $70,261,459 ZNC Zenith Minerals Ltd 0.065 7% -19% -9% $23,609,519 REZ Resourc & En Grp Ltd 0.014 4% 8% 0% $8,733,281 LEX Lefroy Exploration 0.088 -4% -9% -9% $17,640,346 ERM Emmerson Resources 0.043 0% -19% -2% $23,422,521 AM7 Arcadia Minerals 0.053 -4% -12% -2% $6,203,655 ADT Adriatic Metals 3.915 2% -15% -10% $1,099,936,419 AS1 Asara Resources Ltd 0.01 0% -9% 0% $8,821,754 CYL Catalyst Metals 0.965 -4% 15% 16% $216,019,580 CHN Chalice Mining Ltd 1.36 -14% 0% -34% $546,493,442 KAL Kalgoorliegoldmining 0.032 -9% 23% 1% $5,072,023 MLS Metals Australia 0.022 0% 5% -2% $15,562,130 ADN Andromeda Metals Ltd 0.0175 -8% -3% -1% $52,874,606 MEI Meteoric Resources 0.17 -6% -19% -9% $328,369,774 SRN Surefire Rescs NL 0.008 0% -27% 0% $16,883,616 SIH Sihayo Gold Limited 0.002 0% 0% 0% $30,510,640 WA8 Warriedarresourltd 0.053 13% -15% 0% $38,081,779 HMX Hammer Metals Ltd 0.035 0% -10% -2% $30,137,850 WCN White Cliff Min Ltd 0.017 -11% 6% 1% $29,238,973 AVM Advance Metals Ltd 0.023 5% 9% -1% $1,094,345 WRM White Rock Min Ltd 0 -100% -100% -6% $17,508,200 ASR Asra Minerals Ltd 0.004 -20% -33% 0% $8,144,317 MCT Metalicity Limited 0.002 0% -33% 0% $11,214,632 AME Alto Metals Limited 0.034 -8% -13% -1% $23,810,265 CTO Citigold Corp Ltd 0.005 11% -29% 0% $15,000,000 TIE Tietto Minerals 0.675 0% 0% 7% $773,881,054 SMI Santana Minerals Ltd 1.065 2% -2% 6% $223,381,973 M2R Miramar 0.01 0% 0% -1% $1,860,869 MHC Manhattan Corp Ltd 0.002 33% 0% 0% $5,873,960 GRL Godolphin Resources 0.019 -27% -24% -2% $4,269,824 SVG Savannah Goldfields 0.023 -12% -30% -3% $6,464,953 EMC Everest Metals Corp 0.125 4% 4% 5% $19,713,973 GUL Gullewa Limited 0.07 -1% 30% 2% $14,334,117 CY5 Cygnus Metals Ltd 0.053 2% -37% -8% $16,134,753 G50 G50Corp Ltd 0.165 6% 10% 3% $13,114,800 ADV Ardiden Ltd 0.135 -7% -13% -4% $8,752,451 AAR Astral Resources NL 0.079 3% -1% 1% $74,815,803 VMC Venus Metals Cor Ltd 0.081 -1% -2% -2% $16,316,667 NAE New Age Exploration 0.004 0% 0% 0% $7,175,596 VKA Viking Mines Ltd 0.008 -11% -20% -1% $8,202,067 LCL LCL Resources Ltd 0.011 -8% 0% -1% $10,613,658 MTH Mithril Resources 0.19 -12% -5% -1% $16,492,363 ADG Adelong Gold Limited 0.005 0% 43% 0% $5,589,945 RMX Red Mount Min Ltd 0.001 0% -33% 0% $3,423,577 PRS Prospech Limited 0.034 -11% -23% 0% $9,185,057 TTM Titan Minerals 0.037 9% 42% 1% $67,254,172 NML Navarre Minerals Ltd 0.019 0% 0% 0% $28,555,654 AAM Aumegametals 0.055 -14% -28% 1% $29,383,898 KZR Kalamazoo Resources 0.083 -8% -31% -4% $15,468,547 BCN Beacon Minerals 0.026 -7% -7% 0% $93,919,204 MAU Magnetic Resources 1.04 -3% 0% 2% $274,770,632 BC8 Black Cat Syndicate 0.26 -15% -19% 1% $81,766,663 EM2 Eagle Mountain 0.056 -7% -19% -2% $21,215,246 EMR Emerald Res NL 3.495 -8% -3% 49% $2,379,057,206 BYH Bryah Resources Ltd 0.007 -13% -22% -1% $3,483,628 HCH Hot Chili Ltd 0.89 -9% -15% -19% $143,021,220 WAF West African Res Ltd 1.3875 -8% -4% 44% $1,444,017,954 MEU Marmota Limited 0.042 0% 0% 0% $44,469,624 NVA Nova Minerals Ltd 0.205 8% -16% -16% $44,086,661 SVL Silver Mines Limited 0.17 -8% -11% 1% $248,825,982 PGD Peregrine Gold 0.22 -12% 0% -2% $14,933,253 ICL Iceni Gold 0.07 0% -1% 2% $20,184,318 FG1 Flynngold 0.026 -4% -4% -2% $6,745,434 WWI West Wits Mining Ltd 0.012 -8% -11% 0% $30,457,007 RML Resolution Minerals 0.002 0% -20% 0% $3,220,044 AAJ Aruma Resources Ltd 0.016 -11% 7% -1% $3,150,264 AL8 Alderan Resource Ltd 0.0035 -30% -30% 0% $4,427,445 GMN Gold Mountain Ltd 0.003 -14% -14% 0% $9,371,068 MEG Megado Minerals Ltd 0.01 -9% -9% -3% $2,544,556 HMG Hamelingoldlimited 0.075 -12% 6% 0% $12,600,000 TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243 BM8 Battery Age Minerals 0.18 3% 71% -1% $16,279,225 TBR Tribune Res Ltd 3.3 -1% -22% 35% $179,965,504 FML Focus Minerals Ltd 0.155 0% 15% -3% $44,416,590 GSR Greenstone Resources 0.011 0% -8% 0% $15,761,980 VRC Volt Resources Ltd 0.005 0% 0% 0% $20,793,391 ARV Artemis Resources 0.013 -13% -24% -1% $22,934,550 HRN Horizon Gold Ltd 0.28 4% -7% -2% $40,555,178 CLA Celsius Resource Ltd 0.01 0% -9% 0% $26,707,040 QML Qmines Limited 0.053 -10% -18% -3% $12,171,223 RDN Raiden Resources Ltd 0.032 -14% -37% -1% $92,257,724 TCG Turaco Gold Limited 0.18 -18% -14% 5% $138,396,445 KCC Kincora Copper 0.067 14% 81% 3% $13,307,221 GBZ GBM Rsources Ltd 0.01 -9% -9% 0% $11,566,889 DTM Dart Mining NL 0.021 -9% -22% 0% $4,910,225 MKR Manuka Resources. 0.039 0% -37% -4% $30,391,580 AUC Ausgold Limited 0.034 6% 26% 0% $82,661,083 ANX Anax Metals Ltd 0.036 3% -40% 1% $21,287,416 EMU EMU NL 0.027 -8% -11% 0% $2,014,817 SFM Santa Fe Minerals 0.04 0% -15% 0% $2,912,752 SSR SSR Mining Inc. 7.22 -2% -11% -860% $32,040,022 PNR Pantoro Limited 0.081 -11% -6% 2% $529,857,579 CMM Capricorn Metals 4.475 -4% -5% -24% $1,698,876,140 X64 Ten Sixty Four Ltd 0.57 0% 0% 0% $130,184,182 SI6 SI6 Metals Limited 0.003 0% 0% 0% $7,106,578 HAW Hawthorn Resources 0.07 0% 4% -2% $23,451,093 BGD Bartongoldholdings 0.28 -5% -11% 2% $64,504,382 SVY Stavely Minerals Ltd 0.038 -10% 52% -1% $14,131,783 AGC AGC Ltd 0.4 27% 233% 33% $91,511,024 RGL Riversgold 0.006 -14% -14% -1% $7,257,461 TSO Tesoro Gold Ltd 0.034 -11% -23% 1% $49,183,228 GUE Global Uranium 0.094 2% -6% 0% $24,974,600 CPM Coopermetalslimited 0.075 -11% -44% -27% $6,190,096 MM8 Medallion Metals. 0.052 4% 0% -1% $16,307,260 FFM Firefly Metals Ltd 0.6725 -7% -21% 4% $334,092,034 CBY Canterbury Resources 0.047 -15% -24% 2% $8,243,563 LYN Lycaonresources 0.225 -10% -27% 3% $10,861,889 SFR Sandfire Resources 8.565 -6% -13% 123% $3,956,155,956 TMZ Thomson Res Ltd 0.005 0% 0% 0% $4,881,018 TAM Tanami Gold NL 0.033 0% -6% 0% $39,953,300 WMC Wiluna Mining Corp 0 -100% -100% -21% $74,238,031 NWM Norwest Minerals 0.027 -4% -23% 0% $10,479,227 ALK Alkane Resources Ltd 0.5075 -9% -13% -15% $310,797,601 BMO Bastion Minerals 0.0075 7% -6% -1% $3,263,129 IDA Indiana Resources 0.08 4% 3% 0% $48,849,191 GSM Golden State Mining 0.009 -18% -31% -1% $2,793,706 NSM Northstaw 0.027 -4% -25% -2% $3,916,522 GSN Great Southern 0.018 -5% -14% 0% $14,714,707 RED Red 5 Limited 0.4425 -3% -5% 13% $1,524,072,242 DEG De Grey Mining 1.0075 -9% -13% -23% $2,468,574,744 THR Thor Energy PLC 0.017 6% 6% -1% $3,208,934 CDR Codrus Minerals Ltd 0.05 -7% 19% -1% $8,269,375 MDI Middle Island Res 0.015 7% -6% 0% $3,049,956 WTM Waratah Minerals Ltd 0.105 5% 0% -2% $17,936,450 POL Polymetals Resources 0.27 -23% 0% -4% $48,604,396 RDS Redstone Resources 0.0035 -13% 17% 0% $3,238,825 NAG Nagambie Resources 0.01 11% -23% -2% $8,762,992 BGL Bellevue Gold Ltd 1.88 -5% 1% 21% $2,242,836,226 GBR Greatbould Resources 0.061 3% -6% 0% $38,194,136 KAI Kairos Minerals Ltd 0.009 0% -28% -1% $26,209,122 KAU Kaiser Reef 0.14 -3% 4% -3% $23,946,145 HRZ Horizon 0.041 -11% -15% 0% $28,740,331 CAI Calidus Resources 0.115 -4% -12% -10% $93,678,206 CDT Castle Minerals 0.0065 30% 8% 0% $7,346,958 RSG Resolute Mining 0.52 -5% 12% 8% $1,170,977,507 MXR Maximus Resources 0.028 0% -10% -1% $11,981,975 EVN Evolution Mining Ltd 3.635 -8% -5% -33% $7,367,606,482 CXU Cauldron Energy Ltd 0.028 -10% -30% 0% $35,569,388 DLI Delta Lithium 0.22 -8% -31% -25% $171,217,714 ALY Alchemy Resource Ltd 0.007 0% 0% 0% $8,246,534 HXG Hexagon Energy 0.014 -26% -30% 0% $8,719,570 OBM Ora Banda Mining Ltd 0.36 7% 16% 12% $686,939,667 SLR Silver Lake Resource 1.565 0% 3% 38% $1,496,968,932 AVW Avira Resources Ltd 0.001 0% 0% 0% $2,663,790 LCY Legacy Iron Ore 0.014 0% -13% 0% $107,989,676 PDI Predictive Disc Ltd 0.185 -3% -8% -3% $445,151,377 MAT Matsa Resources 0.028 8% -10% 0% $15,413,304 ZAG Zuleika Gold Ltd 0.022 10% 10% 0% $16,193,881 GML Gateway Mining 0.028 -15% 65% 0% $11,863,783 SBM St Barbara Limited 0.22 -6% -20% 1% $188,133,187 SBR Sabre Resources 0.017 0% -11% -2% $6,362,453 STK Strickland Metals 0.115 -8% 15% 2% $187,922,113 ION Iondrive Limited 0.012 20% 9% 0% $8,467,992 CEL Challenger Gold Ltd 0.062 -6% -18% -1% $83,473,637 LRL Labyrinth Resources 0.005 0% -17% 0% $5,937,719 NST Northern Star 13.375 -8% -9% -28% $15,759,470,102 OZM Ozaurum Resources 0.049 9% -23% -10% $7,620,000 TG1 Techgen Metals Ltd 0.031 -16% -23% -5% $3,972,110 XAM Xanadu Mines Ltd 0.058 -9% -13% 0% $99,528,349 AQI Alicanto Min Ltd 0.017 0% -15% -2% $9,849,389 KTA Krakatoa Resources 0.012 -25% -29% -2% $6,137,394 ARN Aldoro Resources 0.066 -3% 2% -6% $8,615,920 WGX Westgold Resources. 2.31 -1% 8% 13% $1,117,749,643 MBK Metal Bank Ltd 0.023 0% 15% 0% $8,980,564 A8G Australasian Metals 0.088 10% 24% -8% $4,586,603 TAR Taruga Minerals 0.007 0% -22% 0% $4,942,187 DTR Dateline Resources 0.009 -18% -18% 0% $14,575,470 GOR Gold Road Res Ltd 1.565 -6% -2% -40% $1,706,267,687 S2R S2 Resources 0.105 -16% -13% -6% $47,550,089 NES Nelson Resources. 0.003 0% 0% 0% $1,840,783 TLM Talisman Mining 0.245 -14% -11% 1% $48,021,689 BEZ Besragoldinc 0.1 3% 5% -5% $38,883,384 PRU Perseus Mining Ltd 2.34 -4% 1% 49% $3,242,147,267 SPQ Superior Resources 0.008 0% 0% -1% $16,009,763 PUR Pursuit Minerals 0.003 -33% -33% -1% $11,775,886 RMS Ramelius Resources 1.86 -5% -8% 18% $2,165,865,926 PKO Peako Limited 0.004 -33% -20% 0% $2,108,339 ICG Inca Minerals Ltd 0.007 0% 0% 0% $6,437,911 A1G African Gold Ltd. 0.028 17% 12% 0% $6,219,608 OAU Ora Gold Limited 0.005 11% 11% 0% $28,564,639 GNM Great Northern 0.013 -7% 24% -1% $2,010,178 KRM Kingsrose Mining Ltd 0.045 -10% 10% 0% $33,863,693 BTR Brightstar Resources 0.0145 -3% -19% 0% $66,264,777 RRL Regis Resources 1.7375 -6% -16% -44% $1,325,619,608 M24 Mamba Exploration 0.016 -16% -27% -3% $3,681,646 TRM Truscott Mining Corp 0.067 4% 7% 1% $11,615,593 TNC True North Copper 0.054 -2% -12% -4% $40,613,355 MOM Moab Minerals Ltd 0.004 0% -20% 0% $2,847,852 KNB Koonenberrygold 0.016 -16% 0% -2% $4,604,600 AWJ Auric Mining 0.185 0% 3% 7% $27,482,374 AZS Azure Minerals 0 -100% -100% -370% $1,692,527,632 ENR Encounter Resources 0.31 -11% -18% 2% $155,276,929 SNG Siren Gold 0.084 5% 6% 2% $16,185,926 STN Saturn Metals 0.205 -11% -11% 4% $45,920,508 USL Unico Silver Limited 0.145 0% -3% 2% $41,867,223 PNM Pacific Nickel Mines 0.034 17% 21% -5% $15,893,618 AYM Australia United Min 0.002 -33% -33% 0% $3,685,155 ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441 HAV Havilah Resources 0.165 -13% -15% -3% $53,828,666 SPR Spartan Resources 0.83 12% 31% 31% $933,372,539 PNT Panthermetalsltd 0.029 -36% -36% -3% $2,527,819 MEK Meeka Metals Limited 0.032 -6% -9% -1% $41,980,104 GMD Genesis Minerals 1.74 -9% -5% -5% $1,997,041,338 PGO Pacgold 0.13 4% -13% -6% $9,255,998 FEG Far East Gold 0.11 0% -12% -2% $29,622,486 MI6 Minerals260Limited 0.135 -16% -7% -19% $32,760,000 IGO IGO Limited 6.075 -11% -21% -298% $4,740,496,509 GAL Galileo Mining Ltd 0.2525 -5% -3% -3% $48,418,107 RXL Rox Resources 0.1425 -8% -16% -4% $59,024,750 KIN KIN Min NL 0.056 -3% -15% -1% $68,332,732 CLZ Classic Min Ltd 0.0035 17% -50% -5% $1,366,324 TGM Theta Gold Mines Ltd 0.15 3% -6% 4% $106,730,976 FAL Falconmetalsltd 0.25 -11% 67% 11% $47,790,000 SXG Southern Cross Gold 2.42 -14% -19% 116% $520,284,709 SPD Southernpalladium 0.4 -7% -20% 3% $35,900,000 ORN Orion Minerals Ltd 0.017 -6% -11% 0% $102,945,851 TMB Tambourahmetals 0.071 0% 1% -4% $5,805,825 TMS Tennant Minerals Ltd 0.021 -5% -5% -1% $21,029,589 AZY Antipa Minerals Ltd 0.012 -11% 9% -1% $51,744,368 PXX Polarx Limited 0.012 0% 0% 1% $22,555,307 TRE Toubani Res Ltd 0.175 6% 35% 3% $28,446,454 AUN Aurumin 0.039 -3% -3% 1% $17,682,813 GPR Geopacific Resources 0.021 -5% 0% 0% $20,064,131 FXG Felix Gold Limited 0.049 -14% -27% 0% $12,336,264 ILT Iltani Resources Lim 0.3 7% 58% 14% $10,203,152 ARD Argent Minerals 0.0165 -8% -21% 1% $20,712,588

 

Notable weekly gainers

Castle Minerals (ASX:CDT) +30%

Australian Gold and Copper (ASX:AGC) +27%

Prodigy Gold (ASX:PRX) +20%

 

The post Gold Digger: Precious metal hangs in there after bearish week; Singapore shapes as gold market hub appeared first on Stockhead.

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