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Gold miners run as US economic data gets rally back on track
Gold miners are on the run and major European bank Societe Generale has tipped prices rising to US$2200/oz from the second quarter of next year after lower than expected US inflation data brought prices back into positive territory this week. The ASX gold sub-index was up around 2.6% this morning, taking the top gold producers on the Australian bourse to a near 2% gain for the week. The cohort is up 13.67% year to date and 21.32% over the past 12 months, but still well below the highs seen in August 2020 despite the relative strength of the price of bullion. The yellow metal’s capacity to balance against ... (full story)