Greatland Resources shares jump 11% in a week, gold prices in focus
Greatland Resources Limited dropped 4.5% on Friday, but the gold-copper miner comes into Monday’s ASX open with a weekly gain of about 11%. Shares ended at A$13.59, from A$12.24 last week. Bullion is back in the driver’s seat for short-term moves, and the reversal is getting noticed. Spot gold slipped 0.9% to US$4,169.44 an ounce late Friday, on track for its third week of losses. The metal felt pressure from a firmer dollar and hawkish signals out of the Federal Reserve.
