Barry FitzGerald reckons a gold price surge is needed to lift the sector. And an expert has alerted him to five ‘Ds’ that indicate it’s on the way. The ASX gold sector should be pumping in response to near-record gold prices. But it is not. In fact, it is down in the mouth because investors … [Read more…]
A climbing gold price has been great for goldminers and investors, but recent pullbacks in both point to a clouded future. As global economic uncertainty rises, investors are increasingly turning to gold as a safe haven, driving its value close to record highs. “Gold has always been a safe haven … investors are clearly a … [Read more…]
It was Newcrest’s copper-rich gold mines that gave it the extra shine as the US mining giant Newmont circled. The Denver, Colorado-based Newmont had been studying Melbourne’s last remaining big gold mining property for years but it was Newcrest’s copper-rich gold mines that gave it the extra shine. The $26.2bn all-share deal came together in … [Read more…]