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Who is buying gold (and is it too late to join the rush)?

Who is buying gold (and is it too late to join the rush)?

Ablockbuster $24 billion takeover offer for ASX-listed mining company Newcrest by the world’s largest gold producer has put gold firmly in the investor spotlight following strong demand for the commodity off the back of concerns about a global recession, the war in Ukraine and a falling US dollar.

Newcrest Mining is one of many ASX-listed miners that offer investors a yield on gold in the form of dividends, as well as the opportunity for capital appreciation as shares rise in tandem with profits.

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Tom Richardson
Tom RichardsonJournalistTom Richardson was a journalist at The Australian Financial Review
Ingrid Fuary-Wagner
Ingrid Fuary-WagnerExplainer editorIngrid Fuary-Wagner was The Australian Financial Review’s explainer editor.

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Original URL: https://www.afr.com/markets/commodities/who-is-buying-gold-and-is-it-too-late-to-join-the-rush-20230109-p5cb8r