“Once it got to $2000 per ounce, in a lot of investors’ minds that could have been an opportunity to take profit off the table,” said Gavin Wendt, senior resource analyst at MineLife Pty. “The real trigger the news last night about Russia’s Covid-19 vaccine, which was a cue for some investors to take profit from their gold positions and to leap back into equities. It’s a high-risk play, but if you’re sitting on profits, it’s quite a sound strategy.”
MGV Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
