More Upside Likely For Oz Gold Equities

From sharecafe.com.au

Gold continues to glisten in a setting comprised of low interest rates and depressed global economies, attracting several brokers to take a closer look at the sector amid a more constructive long-term outlook for the price of the yellow metal. Earnings momentum is likely to be the driver of share performance and, when the gold price is rising, Citi ascertains the valuation of individual stocks matters less, allowing the share price to be driven by the gold price. Global gold risk appetite has improved but Australian risk appetite continues to lag. Hence the broker considers there is further upside for Australian gold ... (full story)