Markets
The markets that move gold & copper miners
Updated every ten minutes. Every DrillScore analysis is written with these numbers in front of it - the gold and copper price, the Aussie dollar, real yields and the mood of the miners themselves.
Gold3,886US$/oz +0.0% 1M -6.8%Gold A$5,737A$/oz +0.5% 1M -4.0%Copper6.090US$/lb -1.5% 1M -6.5%Silver49.12US$/oz -1.7% 1M -13.6%AUD/USD0.6774US$ -0.5% 1M -2.8%US dollar103.41index +0.2% 1M +1.4%US 10Y5.154% +1.0% 1M +1.3%Oil88.56US$/bbl -0.2% 1M -9.6%ASX Gold18,101points -2.5% 1M +4.1%ASX 2009,082points -0.7% 1M +4.2%ASX Mining7,833points -1.6% 1M +2.0%GDX81.64US$ -0.2% 1M -6.2%GDXJ99.02US$ -0.6% 1M -9.7%COPX69.23US$ -2.5% 1M -14.4%
| Market | Last | Day | 1 month | 1 year | 52-week range | Why it matters to miners |
|---|---|---|---|---|---|---|
| Gold (COMEX futures) US$/oz | 3,886 | +0.0% | -6.8% | -7.4% | 3,857 - 5,586 | The price every gold miner sells at. A miner's margin is the gold price less its all-in sustaining cost (AISC), so a 10% move in gold can... |
| Gold in Australian dollars A$/oz | 5,737 | +0.5% | -4.0% | -10.6% | 5,548 - 7,581 | What Australian gold miners actually receive: the US$ gold price divided by AUD/USD. Their costs are mostly in A$, so a weaker Aussie... |
| Copper (COMEX futures) US$/lb | 6.090 | -1.5% | -6.5% | +19.7% | 4.920 - 6.830 | The price copper miners sell at, and the bellwether of global industry: electrification, grids, EVs and Chinese construction drive it... |
| Silver (COMEX futures) US$/oz | 49.12 | -1.7% | -13.6% | -7.5% | 48.13 - 121.30 | Gold's more volatile cousin and a by-product credit for many gold and copper mines. When silver runs ahead of gold, speculative money is... |
| Australian dollar (AUD/USD) US$ | 0.6774 | -0.5% | -2.8% | +3.8% | 0.6422 - 0.7277 | Metals are priced in US$, but Australian miners pay wages, diesel and contractors in A$. A falling Aussie dollar is a tailwind (higher A$... |
| US dollar index (DXY) index | 103.41 | +0.2% | +1.4% | +4.3% | 95.55 - 103.44 | Gold and copper usually move against the US dollar: a strong dollar makes metals dearer for everyone else and tends to weigh on prices; a... |
| US 10-year Treasury yield % | 5.154 | +1.0% | +1.3% | +25.3% | 3.962 - 5.364 | Gold pays no interest, so when bond yields (especially real, after-inflation yields) rise, holding gold costs more and it tends to soften... |
| Crude oil (WTI) US$/bbl | 88.56 | -0.2% | -9.6% | +50.9% | 54.98 - 119.48 | Diesel is one of a mine's biggest costs - haul trucks, generators and remote power. Higher oil lifts all-in costs for producers and is also... |
| S&P/ASX All Ordinaries Gold (XGD) points | 18,101 | -2.5% | +4.1% | +3.4% | 13,900 - 23,003 | The index of ASX-listed gold miners. Comparing a stock's move with the XGD separates company news from sector mood: a stock up 3% on a day... |
| S&P/ASX 200 points | 9,082 | -0.7% | +4.2% | +3.8% | 8,262 - 9,297 | The broad Australian market. Risk appetite here sets the tone for juniors: in a falling market even good drill results can struggle to get... |
| S&P/ASX 300 Metals & Mining points | 7,833 | -1.6% | +2.0% | +13.8% | 6,449 - 9,327 | The wider ASX mining sector - iron ore, lithium, base metals and gold together. Shows whether money is flowing into or out of resources as... |
| VanEck Gold Miners ETF (GDX) US$ | 81.64 | -0.2% | -6.2% | +6.0% | 69.74 - 117.18 | The world's biggest gold-miner fund. Global gold equities lead ASX gold stocks overnight: a big GDX move in New York usually shows up on... |
| VanEck Junior Gold Miners ETF (GDXJ) US$ | 99.02 | -0.6% | -9.7% | +0.4% | 89.83 - 157.49 | Junior and mid-tier gold miners worldwide - the closest global read on appetite for exactly the kind of explorers and developers that... |
| Global X Copper Miners ETF (COPX) US$ | 69.23 | -2.5% | -14.4% | +12.1% | 56.93 - 99.99 | Global copper miners. Tells you whether copper stocks are moving with the metal or ahead of it - equities often turn before the copper... |
Market data from Yahoo Finance, delayed. Futures prices (COMEX gold, copper, silver; NYMEX oil). Gold in A$ is COMEX gold divided by AUD/USD.
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