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ALL ORDINARIES Index (XAO) Falls, Gold Miners Glitter

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.17% at lunch.
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Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.17% at lunch.

Many of the gold miners on the ASX are having a strong day as markets fall. The Resolute Mining Limited (ASX: RSG) share price has gone up 11.1%, the Saracen Mineral Holdings Limited (ASX: SAR) share price is up around 10.1%, the Evolution Mining Ltd (ASX: EVN) share price is up 6.8% and the Newcrest Mining Limited (ASX: NCM) share price is up 6.4%.

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The share price of Lynas Corporation Ltd (ASX: LYC) is up 6.3% with the rare earth miner making an announcement referring to the Malaysian PM saying that the export of WLP residue will no longer be a condition for renewal of its licence.

Shares of Rio Tinto Limited (ASX: RIO) have fallen 3.8% after the large miner reported its result yesterday and declared special dividend.

The AGL Energy Ltd (ASX: AGL) share price is flat after delaying the closing of two of its power plants.

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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