GOLD 0.51% $1,391.7 gold futures

gold index worst perfromer on asx

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    The Gold index was the worst performer on the ASX falling 6% followed by Energy which fell 3%.

    Despite Gold rising last night in USD to $860 and in AUD terms to $1,200 (which is a record) Gold stocks still fell. They didn't get any joy from the interest rate cut unlike financials which had a big boost in the afternoon.

    I wonder what it will take to get Gold stocks (especially juniors) to move higher.
 
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