Street Talk
Sell gold stocks, CBA analysts say
Sarah Thompson, Anthony Macdonald and Gretchen Friemann
Updated
It’s time to talk about gold, say Commonwealth Bank of Australia analysts, recommending investors do some profit-taking and pull out of gold stocks.
“The spot gold price has recovered ground this week in anticipation of potential Japanese fiscal stimulus," the broker says. “However, we expect sentiment to weaken in the near term in the face of a number of US economic indicators that will spotlight US recovery and potential tapering of US stimulus."
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