CAPITAL MARKETS

Gold oversold: Foster

GOLD has fallen below $US1600 an ounce and continues to weaken but Foster Stockbroking says gold is oversold and has highlighted its top stock picks among producers.

Kristie Batten
Gold oversold: Foster

In its morning report, Foster pointed out that the gold price had dropped 13% from its 2012 highs of $1770/oz to the current price of around $1560/oz.   “As a result there was significant deleveraging...

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