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Gold Digger: Gold steady despite muggy CPI data; emerging markets provide ‘ballast’

  • Gold’s price was looking a bit lethargic after warm CPI weather blew in
  • The World Gold Council eyes emerging markets and ‘seasonal strength’ in January
  • The week’s top ASX gold-related stocks led by: GUE, CXU, SIH

 

Gold bugs will be hoping emerging markets (EMs) can pick up even more of the slack this quarter, as the price of gold was looking pretty… meh, earlier. That said, it looks like it’s now picked up a bit as we head into the pub weekend.

Some warmer than expected – muggy even – CPI inflation figures emanating from the US seems largely responsible for sending the most precious one to a four-week low, earlier.

It’s currently consolidated back around US$2,037, though, so nothing too disastrous, although those looking for a major CPI meltdown may be a teensy bit disappointed right about now.

Aside from fresh news in Large Caps just now regarding airstrikes in Yemen, which is also highly relevant from a geopolitical-fuelled save haven angle) Eddy “Market Highlights” Sunarto told us earlier in the day:

Consumer prices in the US picked up again in December to 3.4% (from 3.1% in November), driven by increase in costs for housing, dining out and car insurance.

The number was more than what analysts had expected and could complicate the Fed’s plans to cut rates this year.

Investors are banking on the US Fed making an interest rate cut in March, and with these latest inflation figures, the chances of that happening have just cooled a bit. That said, according to the CME Fedwatch tool, the odds on that still seem to be about 60% for now, down from about 70%.

In plastic fantastic Aussie dollars, by the way, gold is travelling okay at about $3,039. and the S&P/ASX All Ordinaries Gold is down about half a percent.

 

Thanks, EMs – keep it up

Emerging market (EM) demand for gold helped drive the price of the yellow metal higher in 2023, and provided a “ballast” for pretty ordinary developed market activity. So says The World Gold Council in its latest report. , delivered on January 10.

Close to two thirds of the world’s gold demand comes from EMs and by far the largest two players in that market segment are China (average gold consumption – eg. for jewellery – about 1,120 tonnes per year) and India (about 800 tonnes per year). The next biggest, the US, averages around 200 tonnes per year in gold consumption.

Speaking of emerging markets… the Saudis seem busy…

 

The World Gold Council also noted that central bank gold purchases were a significant contributor to record gold price highs in 2023. (US$2,078/oz ended up being the highest annual close on record.)

“We estimate this added up to 15% to gold’s annual performance,” wrote the Council.

Conversely… “Bond yields, despite hitting a 15-year high in October, were only a small drag as they made a round trip to end the year roughly where they started,” added the WGC.

 

Gold ETFs saw big outflows in 2023

Meanwhile, the WGC says global gold-backed exchange-traded funds (ETFs) witnessed their third successive yearly outflow in 2023, so that’s not great news, despite the record price rise for the yellow metal.

Funds reportedly saw outflows of $14.7 billion last year, with total assets under administration (AUMs) falling to $214.4 billion. Total ETF holdings fell by just over 244 tonnes in 2023, to 3,226 tonnes.

As reported by Forbes:

“The WGC said that outflows during most of 2023 ‘were driven by the region’s rocketing interest rates, the hawkish stance of local central banks, strong currencies and rising living costs which, among other factors, may have led to profit taking.’

“Strong gold price rises and safe-haven demand amid the banking sector turmoil” helped mitigate outflows in the first half, while weakening yields and a falling dollar on expectations of interest rate cuts supported holdings towards the end of 2023.

 

However… ‘seasonal strength’ in January?

The WGC also notes, again, that EMs came to the rescue, “mopping up DM outflows”.

And when assessing outlook for January, the Council seems optimistic, noting:

January tends to exhibit seasonal strength. The jury is out on whether recent price records deter or encourage investment. So far so good.”

It added: “Geopolitical risks continue to bubble in the Middle East adding to near-term inflationary risks” and looks ahead with the following in mind:

“In the near term, a tug-of-war between historically positive January seasonality and some pushback against the dovish sentiment that drove prices to all-time-highs in December is likely.

“Equally, there may well be a battle between intermittent inflationary scares (shipping costs) and recessionary impulses (JOLTS hiring), highlighting how perilously narrow the path to an economic soft landing is.”

 

Winners & Losers

Here’s how ASX-listed precious metals stocks are performing:

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

Stocks missing from this list? Email [email protected] 

Code Company Price % Week % Month % Year Market Cap
MRR Minrex Resources Ltd 0.014 -13% -18% -66% $16,273,013
NPM Newpeak Metals 0.02 0% 11% -80% $1,999,035
ASO Aston Minerals Ltd 0.021 -13% -25% -73% $27,196,350
MTC Metalstech Ltd 0.24 2% 75% -49% $42,514,783
FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315
GED Golden Deeps 0.044 0% -6% -56% $5,082,983
G88 Golden Mile Res Ltd 0.018 -10% -14% -11% $5,929,011
DCX Discovex Res Ltd 0.002 0% 0% -33% $6,605,136
NMR Native Mineral Res 0.02 5% -20% -80% $4,195,010
AQX Alice Queen Ltd 0.006 9% 0% -86% $4,145,905
SLZ Sultan Resources Ltd 0.017 -15% 21% -80% $2,667,421
MKG Mako Gold 0.009 -10% -5% -79% $5,961,685
KSN Kingston Resources 0.078 0% -11% -16% $39,338,985
AMI Aurelia Metals Ltd 0.1075 -2% -2% -22% $194,323,251
PNX PNX Metals Limited 0.0035 17% 0% -7% $16,141,874
GIB Gibb River Diamonds 0.03 0% 7% -53% $6,345,283
KCN Kingsgate Consolid. 1.27 1% -6% -29% $324,767,132
TMX Terrain Minerals 0.006 20% 20% 0% $8,120,567
BNR Bulletin Res Ltd 0.13 -4% 13% 18% $39,637,799
NXM Nexus Minerals Ltd 0.044 -2% -6% -80% $17,118,646
SKY SKY Metals Ltd 0.036 -8% 3% -23% $16,610,331
LM8 Lunnonmetalslimited 0.505 -16% -27% -45% $121,596,798
CST Castile Resources 0.074 -8% -3% -28% $19,110,292
YRL Yandal Resources 0.13 48% 46% 30% $36,382,554
FAU First Au Ltd 0.004 14% 33% 0% $6,647,973
ARL Ardea Resources Ltd 0.46 -4% -13% -42% $89,642,696
GWR GWR Group Ltd 0.093 -1% 7% 55% $28,909,499
IVR Investigator Res Ltd 0.034 -3% -26% -23% $53,890,694
GTR Gti Energy Ltd 0.0105 5% 31% -3% $18,449,524
IPT Impact Minerals 0.013 18% 30% 86% $34,376,447
BNZ Benzmining 0.21 -9% -16% -48% $24,522,514
MOH Moho Resources 0.01 0% 11% -52% $5,359,412
BCM Brazilian Critical 0.023 -4% 10% -78% $17,019,007
PUA Peak Minerals Ltd 0.003 0% 0% -50% $3,124,130
MRZ Mont Royal Resources 0.13 -10% -16% -28% $11,053,873
SMS Starmineralslimited 0.039 3% 11% -46% $3,036,912
MVL Marvel Gold Limited 0.011 -8% 22% -58% $9,501,698
PRX Prodigy Gold NL 0.006 -14% -25% -50% $10,506,647
AAU Antilles Gold Ltd 0.022 0% 5% -39% $18,884,459
CWX Carawine Resources 0.105 -5% -13% -11% $24,793,172
RND Rand Mining Ltd 1.37 0% 1% -4% $77,920,067
CAZ Cazaly Resources 0.026 -13% -7% -21% $12,275,181
BMR Ballymore Resources 0.135 8% 4% -13% $23,804,629
DRE Dreadnought Resources Ltd 0.0265 -5% -17% -72% $93,934,970
ZNC Zenith Minerals Ltd 0.155 11% 15% -40% $52,857,132
REZ Resourc & En Grp Ltd 0.012 0% -14% -33% $5,997,669
LEX Lefroy Exploration 0.17 -6% 6% -29% $34,954,027
ERM Emmerson Resources 0.053 -4% -5% -36% $28,869,619
AM7 Arcadia Minerals 0.07 1% -5% -70% $7,633,507
ADT Adriatic Metals 3.55 -2% 14% 12% $854,640,093
AS1 Asara Resources Ltd 0.012 0% 0% -61% $9,512,771
CYL Catalyst Metals 0.705 -3% -31% -42% $154,110,281
CHN Chalice Mining Ltd 1.2875 -13% -21% -81% $509,541,928
KAL Kalgoorliegoldmining 0.025 -14% 0% -67% $4,596,521
MLS Metals Australia 0.035 0% 0% -33% $21,217,230
ADN Andromeda Metals Ltd 0.024 4% 14% -52% $71,530,194
MEI Meteoric Resources 0.245 -14% 17% 371% $507,480,560
SRN Surefire Rescs NL 0.009 13% -10% -40% $17,668,420
SIH Sihayo Gold Limited 0.002 33% 0% 0% $18,306,384
WA8 Warriedarresourltd 0.05 -2% -17% -69% $25,010,673
HMX Hammer Metals Ltd 0.046 -4% -13% -36% $40,774,738
WCN White Cliff Min Ltd 0.01 11% -9% -23% $12,765,593
AVM Advance Metals Ltd 0.036 0% -40% -80% $1,443,058
WRM White Rock Min Ltd 0.063 0% 0% -7% $17,508,200
ASR Asra Minerals Ltd 0.007 0% 0% -67% $11,455,470
MCT Metalicity Limited 0.002 0% 0% -43% $11,212,634
AME Alto Metals Limited 0.042 -2% 0% -38% $31,025,496
CTO Citigold Corp Ltd 0.005 0% 0% -17% $14,368,295
TIE Tietto Minerals 0.6125 2% 2% -28% $694,882,627
SMI Santana Minerals Ltd 1.22 21% 38% 77% $209,841,179
M2R Miramar 0.025 19% -11% -67% $3,721,739
GRL Godolphin Resources 0.042 -7% 11% -53% $6,769,681
SVG Savannah Goldfields 0.044 0% -5% -72% $9,897,483
EMC Everest Metals Corp 0.081 -2% -14% -5% $13,389,215
GUL Gullewa Limited 0.055 0% 0% -8% $11,262,521
CY5 Cygnus Metals Ltd 0.1175 -6% -10% -74% $34,987,097
G50 Gold50Limited 0.12 -11% -4% -48% $13,114,800
ADV Ardiden Ltd 0.17 -3% 0% -51% $10,627,976
AAR Astral Resources NL 0.07 -7% -10% -3% $55,516,828
VMC Venus Metals Cor Ltd 0.1025 3% 3% 36% $18,972,868
NAE New Age Exploration 0.005 -9% -29% -38% $8,969,495
VKA Viking Mines Ltd 0.015 7% 36% 88% $15,378,876
LCL LCL Resources Ltd 0.016 -6% 0% -62% $15,693,918
MTH Mithril Resources 0.002 0% 0% -43% $6,737,609
ADG Adelong Gold Limited 0.005 -9% 0% -23% $3,498,278
RMX Red Mount Min Ltd 0.003 0% 0% -40% $8,020,728
PRS Prospech Limited 0.037 23% -5% 74% $8,914,908
TTM Titan Minerals 0.025 -4% -4% -64% $42,281,734
NML Navarre Minerals Ltd 0.019 0% 0% -57% $28,555,654
MZZ Matador Mining Ltd 0.036 -18% -25% -72% $18,361,962
KZR Kalamazoo Resources 0.135 23% 23% -43% $23,357,406
BCN Beacon Minerals 0.025 0% -7% -14% $93,919,204
MAU Magnetic Resources 0.87 -13% -16% 6% $212,860,516
BC8 Black Cat Syndicate 0.235 0% -6% -41% $72,903,682
EM2 Eagle Mountain 0.074 -3% 0% -59% $23,177,482
EMR Emerald Res NL 3.19 9% 25% 157% $1,978,670,875
BYH Bryah Resources Ltd 0.014 8% 8% -45% $5,636,894
HCH Hot Chili Ltd 0.965 -4% -3% 8% $117,056,302
WAF West African Res Ltd 0.96 5% 10% -21% $990,416,244
MEU Marmota Limited 0.04 -2% -9% -13% $43,410,824
NVA Nova Minerals Ltd 0.34 -7% 6% -51% $67,484,788
SVL Silver Mines Limited 0.1575 -2% -5% -23% $224,693,143
PGD Peregrine Gold 0.305 9% 24% -31% $19,428,979
ICL Iceni Gold 0.069 23% 20% -37% $15,883,214
FG1 Flynngold 0.057 14% -10% -42% $8,597,731
WWI West Wits Mining Ltd 0.012 0% 9% -33% $29,164,700
RML Resolution Minerals 0.003 -14% 0% -63% $3,779,990
AAJ Aruma Resources Ltd 0.026 -4% -13% -60% $5,119,179
AL8 Alderan Resource Ltd 0.005 -17% 0% -50% $5,534,307
GMN Gold Mountain Ltd 0.0045 -10% -10% -18% $11,345,393
MEG Megado Minerals Ltd 0.025 -17% 0% -48% $5,852,478
HMG Hamelingoldlimited 0.075 -6% -9% -48% $11,812,500
TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243
BM8 Battery Age Minerals 0.21 5% 11% -58% $18,273,062
TBR Tribune Res Ltd 2.96 1% 11% -25% $155,305,508
FML Focus Minerals Ltd 0.17 -3% -3% -19% $50,147,763
GSR Greenstone Resources 0.01 25% 43% -70% $12,313,021
VRC Volt Resources Ltd 0.007 8% 17% -53% $28,910,747
ARV Artemis Resources 0.0185 -3% -12% -23% $31,287,129
HRN Horizon Gold Ltd 0.275 -8% -8% -13% $39,830,979
CLA Celsius Resource Ltd 0.0115 -12% -4% -32% $26,952,620
QML Qmines Limited 0.08 3% -5% -58% $16,874,084
RDN Raiden Resources Ltd 0.034 -11% -8% 616% $95,636,344
TCG Turaco Gold Limited 0.13 0% 8% 110% $73,400,000
KCC Kincora Copper 0.04 -13% 38% -45% $7,950,602
GBZ GBM Rsources Ltd 0.008 -11% -27% -83% $5,851,463
DTM Dart Mining NL 0.016 0% 0% -74% $3,641,274
MKR Manuka Resources. 0.072 -5% -12% -26% $40,688,644
AUC Ausgold Limited 0.028 -3% -7% -46% $59,699,671
ANX Anax Metals Ltd 0.027 -7% 8% -53% $13,054,976
EMU EMU NL 0.001 0% -33% -82% $2,024,771
SFM Santa Fe Minerals 0.043 0% 0% -46% $3,131,208
SSR SSR Mining Inc. 15.29 -3% -10% -39% $97,756,491
PNR Pantoro Limited 0.047 -8% -2% -51% $249,793,465
CMM Capricorn Metals 4.51 4% 5% -10% $1,709,259,654
X64 Ten Sixty Four Ltd 0.57 0% 0% -12% $130,184,182
SI6 SI6 Metals Limited 0.005 0% -9% -17% $9,969,297
HAW Hawthorn Resources 0.087 -12% -3% -28% $33,501,561
BGD Bartongoldholdings 0.24 -11% -4% 2% $48,884,311
SVY Stavely Minerals Ltd 0.043 2% -14% -80% $16,805,364
AGC AGC Ltd 0.068 -1% 1% 19% $15,111,111
RGL Riversgold 0.012 -8% -14% -57% $11,611,937
TSO Tesoro Gold Ltd 0.026 -10% -13% -26% $32,227,730
GUE Global Uranium 0.125 37% 47% -31% $27,587,166
CPM Coopermetalslimited 0.32 -16% 2% 28% $22,202,699
MM8 Medallion Metals. 0.061 -6% -6% -62% $19,074,402
FFM Firefly Metals Ltd 0.55 -8% 4% -40% $195,854,890
CBY Canterbury Resources 0.025 0% -17% -38% $4,465,263
LYN Lycaonresources 0.2 25% 29% -32% $9,251,813
SFR Sandfire Resources 6.8 -6% 5% 10% $3,020,719,790
TMZ Thomson Res Ltd 0.005 0% 0% -71% $4,881,018
TAM Tanami Gold NL 0.035 0% -8% -15% $41,128,397
WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031
NWM Norwest Minerals 0.027 -16% -7% -40% $7,476,807
ALK Alkane Resources Ltd 0.63 -2% 1% -3% $377,148,323
BMO Bastion Minerals 0.018 13% 50% -44% $4,983,105
IDA Indiana Resources 0.082 -2% 37% 39% $49,834,202
GSM Golden State Mining 0.013 -10% -19% -73% $3,631,818
NSM Northstaw 0.049 0% -30% -68% $6,853,913
GSN Great Southern 0.02 0% 0% -33% $15,092,704
RED Red 5 Limited 0.285 -2% -22% 12% $1,039,140,165
DEG De Grey Mining 1.21 2% -4% -19% $2,267,800,268
THR Thor Energy PLC 0.035 21% 25% -42% $5,767,126
CDR Codrus Minerals Ltd 0.061 -2% -5% -63% $5,261,250
MDI Middle Island Res 0.017 6% 21% -63% $3,700,118
WTM Waratah Minerals Ltd 0.088 -20% 100% -35% $14,040,263
POL Polymetals Resources 0.295 -3% 9% 55% $46,497,253
RDS Redstone Resources 0.005 -17% -9% -44% $4,606,892
NAG Nagambie Resources 0.027 -7% -10% -58% $21,439,018
BGL Bellevue Gold Ltd 1.5775 7% -6% 18% $1,755,165,327
GBR Greatbould Resources 0.062 -3% -6% -31% $37,717,294
KAI Kairos Minerals Ltd 0.0135 -7% -16% -35% $34,071,858
KAU Kaiser Reef 0.15 3% -12% -21% $26,511,804
HRZ Horizon 0.037 -3% -10% -41% $25,235,412
CAI Calidus Resources 0.215 0% 19% -40% $122,354,269
CDT Castle Minerals 0.008 -11% -11% -68% $9,795,944
RSG Resolute Mining 0.4125 -3% -4% 65% $851,620,005
MXR Maximus Resources 0.044 29% 10% 2% $14,427,260
EVN Evolution Mining Ltd 3.82 1% 6% 16% $7,467,414,683
CXU Cauldron Energy Ltd 0.037 37% 95% 436% $38,516,528
DLI Delta Lithium 0.325 -28% -28% -27% $234,774,505
ALY Alchemy Resource Ltd 0.009 -10% 0% -63% $11,780,763
HXG Hexagon Energy 0.012 0% 20% -29% $5,129,159
OBM Ora Banda Mining Ltd 0.235 -2% 2% 164% $409,624,769
SLR Silver Lake Resource 1.175 5% 6% -19% $1,074,955,983
AVW Avira Resources Ltd 0.002 33% 0% -33% $4,267,580
LCY Legacy Iron Ore 0.017 -6% 6% -6% $108,916,045
PDI Predictive Disc Ltd 0.205 3% -7% 5% $415,248,818
MAT Matsa Resources 0.027 -7% 0% -31% $12,924,199
ZAG Zuleika Gold Ltd 0.017 -6% -11% -15% $12,513,454
GML Gateway Mining 0.021 -9% -28% -68% $6,127,486
SBM St Barbara Limited 0.195 -3% 3% -47% $159,504,224
SBR Sabre Resources 0.029 -3% 7% -36% $11,224,752
STK Strickland Metals 0.11 -8% -31% 175% $195,953,177
ION Iondrive Limited 0.012 0% 9% -59% $5,835,423
CEL Challenger Gold Ltd 0.068 -4% -1% -60% $85,759,449
LRL Labyrinth Resources 0.006 -14% -14% -70% $7,125,262
NST Northern Star 13.055 2% 6% 10% $14,755,999,129
OZM Ozaurum Resources 0.115 -18% 17% 58% $19,843,750
TG1 Techgen Metals Ltd 0.07 -16% -19% -20% $6,728,266
XAM Xanadu Mines Ltd 0.054 -5% -2% 80% $88,442,675
AQI Alicanto Min Ltd 0.032 -6% -11% -35% $20,306,115
KTA Krakatoa Resources 0.028 -26% -33% -36% $13,691,109
ARN Aldoro Resources 0.095 -21% 14% -61% $13,058,503
WGX Westgold Resources. 1.965 -3% -6% 72% $911,723,755
MBK Metal Bank Ltd 0.024 -14% -27% -41% $9,371,023
A8G Australasian Metals 0.14 -7% -13% -33% $7,818,074
TAR Taruga Minerals 0.011 -12% 0% -58% $7,766,295
DTR Dateline Resources 0.01 0% -9% -74% $13,129,455
GOR Gold Road Res Ltd 1.72 0% -8% -7% $1,865,072,139
S2R S2 Resources 0.155 -3% -24% -9% $70,037,989
NES Nelson Resources. 0.005 25% 25% -29% $3,067,972
TLM Talisman Mining 0.25 -17% 9% 52% $46,138,486
BEZ Besragoldinc 0.13 -4% -10% 145% $58,534,127
PRU Perseus Mining Ltd 1.755 0% -4% -25% $2,369,397,824
SPQ Superior Resources 0.015 25% 0% -76% $30,018,306
PUR Pursuit Minerals 0.007 -22% -7% -63% $20,607,800
RMS Ramelius Resources 1.54 -7% -2% 44% $1,757,808,492
PKO Peako Limited 0.005 0% 0% -67% $2,635,424
ICG Inca Minerals Ltd 0.01 -23% 0% -66% $5,878,263
A1G African Gold Ltd. 0.037 3% 9% -59% $6,264,515
OAU Ora Gold Limited 0.0075 25% 25% 33% $39,826,416
GNM Great Northern 0.02 -5% 0% -62% $3,092,582
KRM Kingsrose Mining Ltd 0.038 -5% -10% -48% $27,843,481
BTR Brightstar Resources 0.015 0% 0% -17% $35,555,683
RRL Regis Resources 2.16 3% 14% -4% $1,639,085,213
M24 Mamba Exploration 0.049 -11% 40% -73% $3,268,196
TRM Truscott Mining Corp 0.05 -9% -17% -4% $8,668,353
TNC True North Copper 0.096 -4% -13% 81% $33,067,478
MOM Moab Minerals Ltd 0.006 -25% -14% -45% $4,271,781
KNB Koonenberrygold 0.043 -22% 54% -33% $5,149,211
AWJ Auric Mining 0.125 -4% 87% 95% $16,357,449
AZS Azure Minerals 3.7 1% 4% 1133% $1,683,354,040
ENR Encounter Resources 0.315 -6% 13% 66% $128,720,250
SNG Siren Gold 0.067 -3% 34% -65% $10,457,534
STN Saturn Metals 0.185 3% 17% -3% $41,312,018
USL Unico Silver Limited 0.11 -4% 5% -29% $32,565,675
PNM Pacific Nickel Mines 0.067 -19% -24% -18% $33,041,995
AYM Australia United Min 0.003 -25% 50% -40% $5,527,732
ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441
HAV Havilah Resources 0.18 -5% -31% -45% $56,995,058
SPR Spartan Resources 0.465 -7% 1% 178% $438,869,047
PNT Panthermetalsltd 0.06 0% 0% -68% $5,101,500
MEK Meeka Metals Limited 0.038 0% -10% -39% $48,153,648
GMD Genesis Minerals 1.6075 -1% -9% 23% $1,776,278,038
PGO Pacgold 0.195 -3% -3% -44% $16,408,361
FEG Far East Gold 0.14 4% -3% -71% $25,284,869
MI6 Minerals260Limited 0.275 -18% -14% -28% $64,350,000
IGO IGO Limited 8.1 -7% 1% -45% $6,020,279,113
GAL Galileo Mining Ltd 0.245 -4% -13% -76% $52,370,606
RXL Rox Resources 0.18 0% -5% -12% $68,330,538
KIN KIN Min NL 0.065 -2% 2% 3% $76,579,786
CLZ Classic Min Ltd 0.001 0% 0% -88% $12,357,082
TGM Theta Gold Mines Ltd 0.12 0% 0% 76% $84,849,001
FAL Falconmetalsltd 0.13 4% -10% -55% $23,895,000
SXG Southern Cross Gold 1.045 -10% 6% 49% $98,160,629
SPD Southernpalladium 0.32 -9% -4% -62% $13,785,065
ORN Orion Minerals Ltd 0.013 -13% 0% -24% $84,753,003
TMB Tambourahmetals 0.11 -8% -21% 5% $9,952,842
TMS Tennant Minerals Ltd 0.032 -3% -14% -3% $25,984,951
AZY Antipa Minerals Ltd 0.017 0% 21% -23% $68,224,331
PXX Polarx Limited 0.008 14% 14% -71% $13,116,934
TRE Toubaniresourcesinc 0.12 -17% -20% -27% $16,733,208
AUN Aurumin 0.03 15% 36% -52% $10,394,849
GPR Geopacific Resources 0.016 0% -16% -47% $13,969,195
FXG Felix Gold Limited 0.046 -6% 10% -54% $4,748,256
ILT Iltani Resources Lim 0.175 6% 25% 0% $5,781,786
ARD Argent Minerals 0.009 -10% -10% -40% $12,917,590

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Best-performing goldies over the past week

The week’s biggest gainers ????

Global Uranium and Enrichment (ASX:GUE) +37%

Cauldron Energy (ASX:CXU) +37%

Sihayo Gold (ASX:SIH) +33%

Maximus Resources (ASX:MXR) +29%

Ora Gold (ASX:OAU) +25%

 

 

The post Gold Digger: Gold steady despite muggy CPI data; emerging markets provide ‘ballast’ appeared first on Stockhead.