S&P/ASX 200 (INDEXASX:XJO) is up 0.11% at 12.23 pm driven higher by gold miners after the precious metal broke through US$1900 per ounce for the first time since 2011.
Renewed US-China trade tensions and COVID-19 anxiety have boosted the allure of the safe-haven asset.
Newcrest Mining Limited (ASX:NCM), Northern Star Resources Ltd (ASX:NST) and Saracen Mineral Holdings Limited (ASX:SAR) each gained between 3.35% and 5.52%.
COVID-19 update[hhmc]
In the US, more than 1,000 people died every day for four straight days last week due to COVID-19. That brings the total US death toll from the virus to more than 146,000 as of Sunday.
With overwhelmed hospitals and delays in testing, some local leaders, including Houston Mayor Sylvester Turner and Los Angeles Mayor Eric Garcetti, said a second stay-at-home order might be possible.
Victoria recorded its biggest case spike today, with 532 cases added to its tally — the worst new cases total recorded anywhere in the nation since the pandemic began.
However, Victorias chief health officer Brett Sutton said today should be the peak of Victorias second wave.
He added “Modelling with our effective reproductive number that I have seen most recently suggests that today should be the peak.
“Now Im not going to sit back and say today is the peak. We have to see what happens in coming days.”
Top gainers[hhmc]
Todays top gainers on the ASX include 9 Spokes International Ltd (ASX:9SP) (20.59%), VIP Gloves Ltd (ASX:VIP), Archtis Ltd (ASX:AR9) (+14.29%), Alto Metals Ltd (ASX:AME) (+28.17%), Northern Minerals Ltd (ASX:NTU) (+10.00%) and Oakdale Resources Ltd (ASX:OAR) (+33.33%).
Proactive news headlines:
MGC Pharmaceuticals receives promising safety and toxicity study results for ArtemiC[hhmc]
MGC Pharmaceuticals Ltd (ASX:MXC) is encouraged by results from a safety and toxicity study completed on mice for AtemiC, showing no clinical signs or adverse reactions from the full panel of hematology and chemistry blood tests.
Great Western plans work program after consolidating Golden Corridor Project, shares up[hhmc]
Great Western Exploration Limited (ASX:GTE) has consolidated 60 kilometres of strike within its highly prospective Golden Corridor Project in WA and is planning an exploration program to include drilling.
Pure Minerals to work with Sun Metals towards joint hematite product development[hhmc]
Pure Minerals Ltd (Read More – Source
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