Gold dividends take back seat to growth capex

IT'S just as well for ASX gold producers that the gold price has been driven up to an eight-month high on safe haven buying in response to escalating geopolitical tensions over Ukraine, writes Barry FitzGerald.

Gold dividends take back seat to growth capex Gold dividends take back seat to growth capex Gold dividends take back seat to growth capex Gold dividends take back seat to growth capex Gold dividends take back seat to growth capex

Gold miners are battling dividends vs growth. Image: iStock/ma-no

Had Russia backed away from its threats, the gold price could well have been buckling under the pressure of rising interest rates.