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Expert warns that record-breaking gold price is facing painful correction – Motley Fool Australia
ASX gold stocks continue their golden run as the precious metal holds around record highs and looks poised to push even higher.
Motley Fool Australia » Gold » Expert warns that record-breaking gold price is facing painful correction ASX gold stocks continue their golden run as the precious metal holds around record highs and looks poised to push even higher.
But the analysts at Macquarie Group Ltd(ASX:MQG) is warning that gold is running ahead of fundamentals, and the higher it runs, the harder it will fall.
This could see the strong price gains made by S&P/ASX 200 Index (Index:^AXJO) gold miners come undone.
The …
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