Steve Daghlian
๐ค SpeakerAppearances Over Time
Podcast Appearances
But they still couldn't reach an agreement.
And that's ahead of its two-week ceasefire, which is ending next week.
Yeah, some of the best performers today are gold miners, an area that didn't do so well last month.
So gold prices may be edging a little higher in overnight trade, down a little in Asia trade though.
Evolution Mining is standing out.
It's actually the best on the ASX 200, lifting around 9.5%.
And this is after providing an update to investors today saying that it's still benefiting from those record gold prices that were hit back in Jan.
and that it expects to meet its gold production and also cost goals for the year.
Gold prices have been very volatile in recent months since the war in Iran started roughly seven weeks ago, slumping by close to 20% actually as the US dollar surged, but has since actually bounced back a bit in recent weeks by more than 10% actually.
That's over the last two or three weeks.
Still a risk, of course.
I'm seeing jet fuel prices lifting so much if they keep passing that on.
But jet fuel actually accounts for over 20% of Virgin's total cost, according to the company.
A reminder that yesterday we actually heard from Qantas, which said that it could very well spend more than $800 million more on fuel than it predicted just a couple of months ago.
Yeah, we've also got agri crop protection company New Farm up around 13% today.
It's biggest lift in years, actually.
And this is after flagging roughly a 17% jump in profits, lower debt levels, $50 million in cost savings.
And it said that there's been some positive trading momentum in April as well.
And this is despite a lift in some cost, active ingredients, freight, energy due to the war in the Middle East.
Yeah, BHP is largely flat at the moment.