ASX 200 closes tough week on firmer footing, lithium and uranium stocks surge as gold slides again
It was a solid close to the week, with lithium and uranium stocks logging stellar gains, but gold stocks continuing their abrupt about-face.
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It was a solid close to a topsy-turvy week of trading on the S&P/ASX200. The day's gain and the week's gain – as unlikely at that might have seen a few times during the week – will be warmly welcomed by Aussie investors.
It could have been far, far worse.
The pressure that had been applied by ratcheting higher market interest rates finally boiled over Thursday and Friday, helping interest rate sensitive sectors like Discretionary, Property, and Technology to gains today.
There were even greater highlights though, among lithium and uranium stocks which logged stellar gains.
This could not be said for gold stocks, which like the price of the commodity itself this week, have experienced an abrupt about face in fortunes.
Let's dive in!
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Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
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Investing is risky. Inevitably you will endure losses. If you can't cope with losing, don't invest.
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Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
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