Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price edged higher. According to CNBC, the spot gold price is up 0.1% to US$1,779.50 an ounce. Growing COVID-19 fears supported the safe haven asset.
Woolworths downgraded
The
Woolworths Group Ltd(ASX: WOW) share price could be fully valued according to analysts at Goldman Sachs. This morning the broker downgraded the retail giant to a neutral rating with a reduced price target of $36.80. Goldman made the move after updating its valuation to account for the Endeavour demerger.
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Asian Open: New Highs US for Equities, ASX 200 Holds Support
Matt Simpson June 24, 2021 11:19 PM
Biden sealed a bipartisan deal to lift the US share market, a dovish BOE sent GBP lower and the ASX 200 shows signs of stability after its two-day sell-off. Share:
Asian Futures:
Australia s ASX 200 futures flat, the cash market is currently estimated to open at 7,275.30
Japan s Nikkei 225 futures are up 190 points (0.66%), the cash market is currently estimated to open at 29,065.23
Hong Kong s Hang Seng futures are up 75 points (0.26%), the cash market is currently estimated to open at 28,957.46
UK and Europe:
Europe s Euro STOXX 50 index rose 46.49 points (1.14%) to close at 4,122.43
Horizon Minerals Ltd (ASX:HRZ) continues to progress its strategy of building a standalone gold business in one of Australia s premier gold regions around the WA Goldfields mining centre of Kalgoorlie-Boulder.
The company has updated the market on activity across its gold exploration assets with a fresh investor presentation.
Currently, the gold explorer is carrying out a 50,000-metre drilling campaign in order to test new targets, extend and better understand the gold resource at its regional Goldfields tenements.
Horizon has notched up more than one million ounces worth of gold mineral resource across six key exploration assets in WA all of which remain open along strike and at depth.
ASX gold shares are sliding today fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.