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13:48 Thu 01 Jul 2021 S&P/ASX 200 dips on the first day of FY22 after closing out its best year on record OPEC+ may discuss on Thursday about extending the current oil production cuts beyond its original end date of April 2022. The crude oil price is near multi-year highs and recorded its seventh monthly gain in the past eight months. S&P/ASX 200 (INDEXASX:XJO) has slipped 0.48% to 7,277.6 following mixed moves overnight on Wall Street, with the S&P 500 hitting another record high while the Nasdaq fell 0.2%. The local index has surged 24% in the last 12 months for its best year on record. ....
Ora Banda Mining s strong initial Iguana gold results confirm resource potential The first results from Ora Banda’s exploration campaign at the Iguana prospect are in, confirming the deposit’s resource potential. A three-phase drilling campaign is underway at Ora Banda s Iguana deposit to upgrade and extend the asset s mineral resource. Ora Banda Mining Ltd (ASX:OBM) (FRA:M6N) has unveiled the first suite of assays from infill drilling at Iguana gold deposit in Western Australia with potential to provide additional feed for the nearby Davyhurst processing plant. In April 2021, 27 reverse circulation (RC) holes covering 3,750 metres were completed over the prospect, which forms part of the Lady Ida Project area. ....
S&P/ASX 200 dips as new COVID-19 cases in NSW continues to grow Gold prices gained 0.1% to US$1,781.19 per ounce on Monday as tamer-than-expected U.S. inflation data allayed fears of an early monetary policy tightening by the US Federal Reserve. The US Fed’s preferred inflation measure, the personal consumption expenditures price index, rose 3.4% from a year ago, in line with Wall Street estimates. S&P/ASX 200 (INDEXASX:XJO) slipped 0.11% to 7,300 points by about 12.55 pm as NSW recorded 18 new Covid-19 cases in the 24 hours to 8 pm last night, bringing the total number of infections in the Bondi cluster to 130. ....
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