The allure of a year-long gold run is still strong enough for Sydneysiders to continue lining up outside ABC Bullion, rain, hail, or shine – even after the price of the metal has shown signs of peaking after a recent pullback.
But the key question for traders is whether the precious metal can keep grinding higher, and still make money for investors late to the party.
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Gus McCubbing is a markets reporter in the Melbourne newsroom. He was previously the Australian Financial Review’s Victorian political correspondent. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com
Joanne Tran is The Australian Financial Review’s investment banking reporter. She covers the people, trends, companies, and transactions moving Australian investment banking and capital markets in the Sydney newsroom. Prior to that, she was a markets reporter writing about hedge funds and the asset management industry. Email Joanne at jo.tran@afr.com
