Markets: Bold gold

Gold miners have got a healthy kick from the rising spot price.

“Gold! Gold for Australia! Gold!” as the famed sporting commentator Norman May said during the 1980 Moscow Olympics.

Spot gold is up 11 per cent from June 27 when it hit $US1200.65 an ounce. Yesterday bullion jumped 3.1 per cent, according to Bloomberg data. At 0854 AEST spot gold was at $US1337.87, up $US2 or 0.2 percent from $US1335.88 yesterday.


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