Disclaimer: All information on this section is of a general nature. Before making any investment decision, you should consult your adviser.
Investment Ideas - Gold Sector: large cap names fully priced
Largely on the back of a recovery in the share prices of heavyweights Newcrest, Evolution, and Northern Star, State One’s ASX-Gold Index has appreciated strongly (+27%) over the past four weeks from its mid-December 2016 low. Note: over the same period, we calculate that the Australian dollar gold price has gained only A$55/oz or 3.5% (from ~A$1,550/oz to A$1,605/oz).