ASX Midday Sector Update: Energy Stocks Advance, Consumer Staples Sector Struggles

MT Newswires Live

07/09

Energy stocks continued to rally, advancing nearly 2% at midday on Thursday, as oil prices surged after the US conducted fresh strikes on Iran.

Woodside Energy Group's (ASX:WDS) shares rose past 1% in recent trading.

On the flip side, the materials sector fell past 1%. Gold fell for three consecutive sessions to around around $4,080 per ounce.

Catalyst Metals' (ASX:CYL) shares were down over 2% after it entered into gold forward contracts for 30,000 ounces of gold at a fixed price of AU$6,075 per ounce, with deliveries spread evenly over 15 months at 2,000 ounces per month starting in August, representing 2% of reserves or one quarter of production.

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Gold fell for three consecutive sessions to around around $4,080 per ounce.</p><p>Catalyst Metals' (ASX:CYL) shares were down over 2% after it entered into gold forward contracts for 30,000 ounces of gold at a fixed price of AU$6,075 per ounce, with deliveries spread evenly over 15 months at 2,000 ounces per month starting in August, representing 2% of reserves or one quarter of production.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PPI","symbol_name":"AXS Astoria Real Assets ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2650948588","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650948588","pubTimestamp":1783566062,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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