BRIAN GAYNOR: Gold stocks are hot, sizzling hot

Thu, 23 Jul 2020

Gold bugs - individuals who always believe that the precious metal is a great investment - are in big party mood.Gold prices have surged 22.6 percent, to US$1,867.60 an ounce since the end of 2019, compared with a 1.4 percent increase in Wall Street’s S&P 500 Index and a 9.1 percent decline and a 0.9 percent appreciation in the ASX and NZX benchmark capital indices respectively. But the performance of gold stocks has been even more spectacular with nine of the 17 listed ASX gold miners soaring more than 20 percent in the pa...

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