Business
Will ASX gold shares continue to shine in 2021?
For an innocent and rather attractive metal, gold certainly manages to stir up plenty of debate.
We can all agree the yellow metal’s had a fantastic 12 months, hitting new record highs above US$2,063 per ounce on 6 August.
On 11 December last year, an ounce of gold was worth US$1,474. Today that same ounce is worth US$1,838. While that’s down from the 6 August all-time highs, gold investors have still banked a 25% gain simply by owning bullion for the past year. Similar gains were delivered for investors holding gold-backed exchange traded funds (ETFs).
As you’d expect, most ASX gold shares rode the rally in gold prices, recording higher share prices.
But that’s the year behind. The one we can all agree on.
The hot debate…
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