The gold stocks bounce

Currency translations and corporate activity rather than a higher gold price are propelling the sector.

Summary: The share prices of gold stocks have risen this year on the back of corporate deals and a positive currency story. But the gold price has barely moved. It’s logical to see gold as an insurance policy, but gold company shares are much riskier. Investment banks have widely divergent views on the future prospects of Australian gold stocks, which highlights the uncertainty about the outlook.


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