Junior miner, bullion-linked ETF on SGX rally on gold rush
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Anita Gabriel
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Singapore
AS gold bulls rush in and push the yellow metal closer to multi-year highs - led largely by the US Federal Reserve's dovish posture - investors seem to have taken a shine to a junior gold miner and a bullion-linked exchange traded fund (ETF) on the Singapore Exchange.
Catalist-listed CNMC Goldmine Holdings - the first gold miner to snag a seat on the local bourse and also the largest - hit a year's high three weeks ago and has been flirting around that level since. As well, volumes in the SGX-listed SPDR Gold Shares ETF doubled in June from the previous month.
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