Amid the falling Crude Oil Prices and the continued weakening of the Australian Dollar and the investors rushed for gold to safeguard their investment, the gold prices peaked in Australian Dollar.
Gold traded at $2,342 an ounce providing strong support to the gold miners. The major gold miners gained on ASX with Newcrest trading at $32.13 (0.5%), Evolution Mining at $3.89 (3.18%) and Northern Star at $12.97 a share at 2:00 PM AEDT. The Australian Dollar has plunged by the risk appetite pullback following the spread of Coronavirus in China.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.