FX.co ★ ASX 200 Rebounds on Gold and Uranium Boost

The S&P/ASX 200 experienced a 0.8% rise, reaching 8,842 on Monday, reversing some of the losses sustained in the previous week, primarily driven by the upward momentum in gold and uranium stocks. The gold mining sector saw noticeable gains, with Genesis Minerals rising by 8.8%, Regis Resources by 7.5%, Vault Minerals by 6.4%, and Capricorn Metals by 6%. These increases were fueled by a stronger gold price and a revived interest from investors looking to place funds in safe-haven assets. The uranium sector also experienced a significant uptick, highlighted by Peninsula Energy's 15% surge, alongside gains for Boss Energy and Bannerman Energy at 7.3% and 4%, respectively. Conversely, Santos declined by 1.6% following XRG's withdrawal of its acquisition offer. In addition, Regis Healthcare saw a steep drop of 21.4%, hitting over a two-month low, following the company's announcement that the government's 4.7% increment in the Australian National Aged Care Classification base rate fell well short of industry projections. Attention now turns to the release of today’s PMI data, along with Tuesday's Monthly CPI Indicator and the Reserve Bank of Australia's Payments System Board Annual Report for 2025.