Fund managers are betting on more Australian gold producers rewarding shareholders with chunky dividends as the soaring price of the precious metal buoys company profits and cash levels.
Gold topped $US3500 an ounce for the first time last week bolstered by its safe haven appeal amid US President Donald Trump’s escalating trade war that has pushed the spot price up more than 30 per cent this year. Profit takers stepped in on Monday with gold trading about $US3300 an ounce.
Loading...
Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com
