Glencore and Rio Tinto confirm they’re in preliminary discussions about a potential $300bn merger; the World Gold Council says gold ETF assets under management doubled to an all time high of US$559bn; Australian sharemarket finishes flat ahead of key US employment data.
00:00 Swiss mining group Glencore and Rio Tinto’s discussions to merge are preliminary – but if they do, it would create the world’s largest mining company
02:00 The price of oil jumped more than 3.5 per cent compared with this time yesterday
02:11 The ASX finished flat as investors wait for key employment data out of the US
02:49 With the gold price shattering records 53 times in 2025, there’s been unprecedented demand for gold ETFs
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#FinanceNews #ASX #GoldPrice #Mining #Markets
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