Gold miners are experiencing an upward swing due to higher prices of the gold.

Spot gold saw an increase of 2.3% at $1911.09 per ounce, spurred by turmoil in the Middle East which fueled safe-haven demand for the precious metal.

This uptick was also driven by anticipations that the U.S.

interest rates may have reached their zenith.

Top gold miners such as Newmont and Barrick Gold saw a rise of 1.1% and 2.5%, respectively.

U.S.-listed shares of South African miners Sibanye Stillwater, AngloGold Ashanti, Harmony Gold Mining and Gold Fields experienced an increase between 3% and 5.9%.

Canadian miners including Franco-Nevada, Agnico Eagle Mines and Kinross Gold also experienced a rise between 2.1% and 2.9%.

In separate news, the majority of Newcrest Mining shareholders voted in favor of a buyout offer proposed by Newmont.

Newcrest Mining (ASX:NCM) is an Australian mining company, known primarily for its gold production.

Foschini Group (ASX:TFGJ) has announced the resignation of Bongiwe Ntuli as their Chief Financial Officer (CFO) and Executive Director.

This significant change to the executive board sees the departure of a key financial figure in the company.

In addition to her CFO role, Ntuli was also an executive director of the company.

Following the announcement of her resignation, Anthony Thunström will assume dual responsibility as the CEO and Executive Financial Director.

He will be taking over these roles from 1st December until a new CFO is appointed.

Foschini Group (ASX:TFGJ) is a leading multinational retail company.

Thomson Resources (ASX:TMZ) has announced the recent appointment of Kevin Lynn as their Chief Financial Officer.

The experienced financial executive has officially assumed the new role within the company.

Thomson Resources is an Australian-based exploration company primarily focused on the discovery and development of high-quality mineral resources.

Resolute Mining (ASX:RSG) reveals that the Group’s All-In Sustaining Cost (AISC) guidance for 2023 remains unchanged.

The estimated group capital expenditures for that year is projected to be around US$70 million.

Moreover, the overall gold production is being revised.

Initially targeting 350,000oz, the new production range is set between 330,000 to 340,000oz for the year.

Resolute Mining is a gold mining corporation with operational assets across Africa and Australia.

Aston Minerals (ASX:ASO) shares surge up to 11.4%, reaching A$0.039, making it the highest since September 19.

This increase comes as the company announces that metallurgical tests are set to begin for gold samples from Edleston Main in Ontario, Canada.

Furthermore, Canada’s SGS Lakefield will be conducting these tests.

The agenda of the program is to confirm the presence of gravity gold and proceed with ore leachability test work.

It is worthwhile to note that approximately 1.18 million shares have changed hands, in comparison to the 30-day average trading volume of 856,103.

The company’s stock is presently down around 56% YTD, as of the last closing.

Aston Minerals is a Canadian firm specializing in mining and natural resource extraction.

Investors are witnessing a significant drop in technology shares following the Wall Street’s downturn brought about by heightened interest rate woes.

Among them, shares of the Australian technology firms tracked in the ASX tech index fell by an astounding 1.8% to A$1,746.4, reflecting the largest intraday percentage drop since October 3.

The sub-index joined the dropping tech-companies trend on Nasdaq after U.S.

data showed a heftier than anticipated rise in consumer prices.

This consolidates the narrative of higher-for-longer rates touted by the Federal Reserve.

Notably, shares of Xero (ASX:XRO), a leading accounting software producer, fell by a substantial 2.3%, the largest intraday percentage loss since September 26.

Similarly, shares of the ASX-listed, buy-now-pay-later company, Block (ASX:SQ2) dipped by up to 2.8% to A$45.121.

Another software producer, WiseTech Global (ASX:WTC), shed up to 1.6% of its value, representing the largest slip since October 4.

In a striking contrast to the overall trend, tech stocks are on track to register gains for the first time in four weeks, having already added nearly 3% to their value this week.

The Australian technology index was up by 26.6% year-to-date at the last close, compared to a 0.7% rise in the benchmark S&P/ASX 200 index.

Xero (ASX:XRO) is a cloud-based accounting software platform for small and medium-sized businesses.

Shares of Olympio Metals (ASX:OLY) experienced a significant increase of as much as 13.79 percent, reaching A$0.165.

This impressive performance marks their best day since the end of September.

Olympio Metals, primarily a lithium explorer, announced the completion of the second phase of their rock chip sampling program at the Cadillac lithium project located in Quebec, Canada.

The company indicated that previous rock chip results had confirmed high surface lithium grades.

Furthermore, Olympio Metals predict the outcome of their sampling to be released in approximately two weeks.

The company’s stock managed to hit its highest price since the start of October.

A total of 284,694 shares exchanged hands, a substantial rise compared with the 30-day trading average of 212,940 shares.

As of the last close, the company’s stock performance had remained flat throughout this year.

Olympio Metals (ASX:OLY) is a company that specializes in lithium exploration primarily in Canada.

Shares in Link Administration Holdings plummeted by 4.1% to A$1.290, marking their worst day since September 27.

This comes as the company experiences its second consecutive day of losses.

The registry firm announced that the court granted Link Fund Solutions the permission to hold a scheme meeting related to the settlement of an investigation over a failed equity income fund.

A company’s announcement also revealed a reduction in the size of the board from eight to six.

Link Administration expects the scheme to take effect after a second court hearing, which is anticipated to occur on January 18, 2024.

Link Administration’s shares have plunged approximately 32% since last year, as of the latest close.

Link Administration Holdings is a technology-enabled provider of outsourced administrative services to large corporations and government bodies.

In the wake of rising gold prices and sharpened concerns about political unrest in the Middle East, Australian gold stocks saw an increase of 5.1% for the week, the highest weekly gains since July.

The upheld risk sentiment adds further weight to the gold prices which also received a boost from a dip in U.S.

Treasury yields following dovish remarks by U.S.

Fed officials suggesting that interest rates may have hit a peak.

Highlighting the trend, Newcrest Mining (ASX:NCM) reported a 7.4% weekly increase, their top performance since March 24.

In addition, Northern Star Resources (ASX:NST) and Evolution Mining (ASX:EVN) advanced with gains of 2.6% and 3.4% respectively.

The sub-index is up 12.2% this year up until the last close.

Newcrest Mining is a leading Australian-based gold mining company.

Shares of Australia-based LBT Innovations (ASX:LBT) dropped notably by roughly 27.27% to hit a record low of A$0.008.

This marks the tech firm’s worst day since January 12, 2015.

The medical technology company announced it plans to raise approximately A$4.5 million through an entitlement offer.

The offer includes the issue of 900 million new shares, each attached with one option.

LBT states that the new shares will be priced at A$0.005 per share, presenting a significant discount of 54.5% to its last close.

The freshly issued shares surpass its existing free float of 243.4 million by nearly four times.

The stock exchange saw about 3.1 million shares change hands, as compared to the 30-day average trading volume of 402,376.

The stock’s value has descended by 81% year-to-date, based on its last close.

LBT Innovations is a medical technology firm engaging in solutions that enhance the process and effectiveness of medical diagnosing.