Over the last five days, ASX 200 index has gained 0.34 per cent and was currently 0.55 per cent off its 52-week high. Heavyweight miners were the top boosts to the domestic equity benchmark ASX 200.
The gold miners were the top gainers. Energy index rose 1.5 per cent after oil prices gained more than a percent overnight on signs of strong rebound in the United States and China. The stock of ASX-listed gold producing and exploration company Silver Lake Resources rose as high as 7.6 per cent to the day’s high of $1.83. The gold miner surged owing to weakness in bond yield and US dollar.
Northern Star Resources stock of the gold miner surged over 5.4 per cent to the intra-day high of $11.05. The company is an Australia-based gold producer and the projects are located in Australia and North America. Regis Resources stock rose just over 5 per cent to $2.70. The company is an Australia-based gold production and exploration company. Resolute Mining stock soared just over 4 per cent to 50 cents. The company produces gold, and prospects and explores for minerals.