Boss Energy Hits Guidance, Genesis Extends Run as Gold Jumps

The ASX 200 is pointing to a 0.6% gain at the open, tracking a mixed session on Wall Street where the Dow rose, the S&P 500 flatlined, and the Nasdaq slipped on chip-stock profit-taking ahead of the US Independence Day holiday.

Miners could lead the early push. Gold jumped more than 2% overnight, pushing the metal above $4,100 an ounce. Iron ore added nearly 1%, settling just under $100 a tonne. Brent crude held around $72 a barrel.

Two uranium names delivered on production. Boss Energy met its revised output guidance for the period and moved its updated feasibility study forward. Genesis Minerals hit annual production guidance for the third straight year and flagged higher exploration spending.

The Australian dollar was buying about 69 US cents. New Zealand consumer confidence is the day's only data point of note. US markets will be closed tonight for the Fourth of July.

That is the morning setup. Happy trading.