Are ASX gold shares like Newcrest overbought right now?
Are ASX gold shares oversold? According to an article in the Australian Financial Review (AFR), there could be more risk than investors are currently pricing in.
Why gold prices continue to climb
The coronavirus pandemic has provided a trigger for global gold prices to climb higher. In fact, gold continues to push to new record highs beyond the US$2,000 per ounce mark.
Market volatility and a bearish outlook for the global economy are what started the momentum. However, the gold mania that ha…