After a brief sojourn, the gold price has resumed its tumultuous fall. The latest decline was triggered by changing expectations about US interest rates; the consensus suggests they will be higher than previously expected. As gold prices have fallen, the share price of miners has likewise followed.
Our gold mining portfolio hasn’t been spared. Gains made during the year have been quickly lost and the market is full of chatter and expectations of lower prices. Where does that leave our gold portfolio?