And even if it does, does it matter? Last week gold futures rose above $1,800 per ounce. This is the first time they have passed that figure since 2011.
The price of the precious metal is up over 17.0% this year in dollar terms. It is therefore not surprising that five of the six best-performing stocks on the JSE for the first six months of 2020 were gold stocks – DRDGold, Pan African Resources, Goldfields, AngloGold Ashanti and Harmony. Article by Patrick Cairns with commentary Mandi Dungwa – portfolio manager for Kagiso Asset Management.
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