Business
Top broker says you should buy these oversold ASX gold stocks now
ASX gold stocks have lost their shine with investors but this is the time to be snapping up bargains in the sector.
That’s the view of Goldman Sachs who believe these stocks have been oversold despite today’s bounce.
While many ASX gold miners are outpacing the 1.1% jump in the S&P/ASX 200 Index (Index:^AXJO) this afternoon, most are still scrapping the bottom of their six-month trading range.
Why ASX gold stocks have lost their lustre
The bounce back in global economic growth and the start of mass COVID-19 vaccinations in countries like the UK and US have prompted investors to dump safe haven assets for cyclical stocks
This explains why the gold price has been falling over the past few months after hitting a record high of…
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