Australian shares steady as energy gains offset gold plunge; NZ up [Reuters]
NEWCREST MINING LTD S/ADR (NCMGY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
Australian shares steady as energy gains offset gold plunge; NZ up - Reuters 3 Min Read * Gold stocks tumble 5.5% to close at over 4-month low * REA Group’s disappointing Q1 result drags real-estate cos * Australian benchmark logs 0.8% weekly gain, NZ adds 1.1% (Updates to close) Nov 8 (Reuters) - Australian shares closed little changed on Friday, as gains in energy stocks offset a sell-off in gold miners after price of the precious metal slumped overnight. The S&P/ASX 200 index fell 0.04% or 2.5 points to 6,724.1 at the close of trade. The index posted a weekly gain of 0.8%. U.S. stock indexes closed at record highs and safe-haven demand for gold tumbled on Wednesday amid signals of progress in trade talks, however, the enthusiasm did not spill into Asian markets. News that the “phase one” trade deal faces fierce internal opposition in the White House and from outside advisers weighed on most Asian bourses. In Australia, losses were dominated by gold miners, which had their worst ses
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