A deal for De Grey mining looks even certain of getting done, at a time where the gold price is surging to even higher prices.

MARKET WRAP:

• ASX200: up 1.34%, 7,748
• GOLD: $3,242 US/oz
• BITCOIN: $133,593 AUD

 

• Neuren Pharmaceuticals rising by 21% to $11.13 as they got FDA approval on a trial to treat childhood disorders.
• DroneShield stock jumped 16% to $1.03 after securing $32 million in contracts with an Asian military ally.
• Gold stocks shined following a long term broker upgrade on the gold price. Newmont jumped more than 4% to $87.04.
• De Grey Mining also got a boost of 1.6% after Gold Road Resources, a minority investor, supported the $5 billion takeover bid from Northern Star.
• Resmed closed down just under 2% to $33.61
• A2 Milk shares fell by 3% to $8.06
• Telstra which is still within a few cents of its 52 week high fell just 2 cents to $4.43

CURRENCY UPDATE:

• AUD/USD: 63.3 US cents
• AUD/GBP: 48.0 pence
• AUD/EUR: 58 Euro cents
• AUD/JPY: 90 Japanese yen
• AUD/NZD: 1.07 NZ dollars

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