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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".
By · 12 Jul 2013
By ·
12 Jul 2013
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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".
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Frequently Asked Questions about this Article…

The article says gold stocks responded spectacularly to signals that the US will continue printing money, triggering a big rally in gold prices and related shares.

According to the article, shares in most ASX-listed goldminers rose by more than 10% during the rally.

The gold price rose by almost US$40 an ounce on Thursday morning and climbed by more than 7% over four trading days, as reported in the article.

The article reports that most ASX-listed goldminers saw gains of more than 10%, though it does not name specific companies.

Goldman Sachs analyst Richard Coppleson described the move as "as big as I can ever remember," underscoring how unusually large the rally was.

Yes — the article links the sharp rally in gold and gold stocks to signals that the US will continue printing money, which helped drive the price moves.

Based on the article, everyday investors may want to keep an eye on signals about US money printing and monitor gold prices and ASX-listed goldminer share movements, since those factors were central to the recent rally.

No — the article reports the recent, sizeable rally and analyst reaction but does not make a prediction about whether the rally will continue long term.