Big rally in gold stocks
Gold stocks responded spectacularly to signals the US will continue printing money, with shares in most ASX-listed goldminers up by more than 10 per cent. The gold price rose by almost $US40 an ounce on Thursday morning and by more than 7 per cent in four trading days. Goldman Sachs analyst Richard Coppleson said the rally was "as big as I can ever remember".
Gold stocks responded spectacularly to signals the US will continue printing money, with shares in most ASX-listed goldminers up by more than 10 per cent. The gold price rose by almost $US40 an ounce on Thursday morning and by more than 7 per cent in four trading days. Goldman Sachs analyst Richard Coppleson said the rally was "as big as I can ever remember".
