Bullion Stocks Fared Way Worse
While the "great rotation" into riskier assets has triggered a 4.3 percent
fall in the price of gold since the start of the year, this is just a fraction
of the losses seen in the shares of gold miners, which have fallen 15 percent on
average over the same period. Worries over the outlook for the precious metal and declining profitability of the miners have led to a continued selloff in their shares, which have struggled to find favor with investors over the past year. As a result, gold miners are now trading at their cheapest level in 25 years relative to the physical metal, according to Point View Wealth Management. Cont. Reading
By: Ansuya Harjani
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