PRECIOUS METALS

Has the gold price overshot?

MACQUARIE believes the gold price could be in for a sharp correction after breaking through US$2000 an ounce this week.

 Image: iStock/ma-no

Image: iStock/ma-no

Gold pushed through the "psychological" target of $2000/oz briefly on Monday and has continued to rise through the week. Futures last traded at a record $2081/oz. Macquarie said the gold price was...

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