MET closed at 45cents plus 7%. Today a solid result from MET despite lowish market sentiment.
the bull.com.au Article 5/1/2011
Noted the asx 200 dropped 27.6 points, or 0.58 per cent, to 4714.9 Gold dived more than two per cent on Tuesday, its biggest one-day loss since early November, as signs of an improving economic outlook diminished safe-haven buying and a profit-taking commodities rout dragged prices off highs.
The spot price of gold in Sydney was $US1,383.57 per fine ounce, down $US32.93 from Tuesday's closing price of $US1,416.50 per ounce.
Gold producer Newcrest Mining dropped 67 cents to $39.84 and fellow commodities miner Octagonal Resources fell two cents to 23 cents after its sharemarket debut.
MET Price at posting:
45.0¢ Sentiment: None Disclosure: Held