FEAR & GREED | Business News Afternoon Report | Gold miners jump, banks slump
Nov 25, 2025
The latest market news highlights a slight uptick in the ASX 200, driven by gains in gold and strong performances from major miners and tech stocks. Investors are eagerly anticipating upcoming monthly inflation data. In corporate news, DroneShield made headlines with a substantial European contract while super funds face scrutiny over ties to discounted Russian oil. Additionally, radio ratings showcased mixed results, and Ukrainian President Zelensky endorsed a revised peace plan, stirring international reactions.
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Markets Mixed As Gold Climbs, Banks Slip
- The ASX 200 barely rose, finishing up 0.1% as gains faded after a strong start driven by expectations of US rate cuts.
- Gold and miners climbed on bets the Fed will cut rates, while banks fell amid regulatory concerns.
DroneShield Win And Insider Selling
- DroneShield's shares jumped 14.6% after winning a $5.2 million European contract for handheld counter-drone systems.
- Michael Thompson noted the company also faces pressure from recent large insider share sales.
Super Funds' Exposure To Reliance Raises ESG Alarms
- Major Australian super funds hold nearly $110 million in Reliance Industries, which bought discounted Russian crude and sold fuel globally.
- Community leaders argue this breaches ESG standards and indirectly funds Russia's war effort.