Gold price shoots up

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 InvestSMART · 12 Jul 2013

By InvestSMART ·
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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Gold price shoots up

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