Business
Gold hits new high – here are 3 ASX gold shares set to benefit – Motley Fool Australia
The gold price has hit a new high of US$2028 per ounce. We take a look at 3 ASX gold shares you can invest in for exposure to gold.
The gold price has hit a new high of US$2028 per ounce, prompting a rally in ASX gold shares. Gold has been on the rise all year as the pandemic has helped drive a broad shift into safe haven assets. Gold has long been used as a hedge against uncertainty and a store of value. The gold price tends to be inversely correlated to the price of assets such as shares and bonds, meaning it provides diversification benefits.
Australia is a leading global gold producer and the source of 17% of globally …
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