Business
Warren Buffett is buying gold shares and top fundies assess ASX share price moves – Motley Fool Australia
Warren Buffett’s Berkshire Hathaway buys $785 million of Barrick Gold shares as ASX gold share prices have soared.
ASX gold share prices have been going gangbusters as the price of the yellow metal hit new record highs in US dollars.
Gold started 2020 trading for US$1,517 (AU$2,085) per troy ounce. It peaked on August 6 at US$2,063 per ounce, before settling down to today’s price of US$1,933.
Even with the past week’s retracement, that’s still a smashing 27% gain year-to-date gain for bullion. And those gains have been mirrored, and often magnified, by many ASX gold shares.
The Regis Resources Limited (AS…
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