Gold, fool's gold and the eternal cycle

After a steady rise for gold in 2024, a correction seems inevitable. (Image: Getty)

Tue, 29 Oct 2024

Investors in gold miners could be forgiven for thinking they'd won the lottery, thanks to the inexorable rise in the price of gold in 2024.After broadly holding around US$2,000 (NZ$3,326) an ounce for three years, not long after the New Year ticked over, the price of the precious metal began to rally and has risen by a third since then.The price rally has lifted the share prices of explorers with promising New Zealand acreage. Santana Minerals' share price doubled to around $2.30 ahead of a share split, and Siren Gold's rose from A7...

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