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Oz gold 'G5' will continue to thrive

Upgrades to gold price assumptions has resulted in big target price increases for Australian gold miners.

Oz gold 'G5' will continue to thrive Oz gold 'G5' will continue to thrive Oz gold 'G5' will continue to thrive Oz gold 'G5' will continue to thrive Oz gold 'G5' will continue to thrive

Australia's golden 'G5' will outperform. Modified image: iStock/3D-Guru

Argonaut Securities lifted its 2020 average gold price forecast from US$1,400 an ounce to $1,575/oz and its long-term price from $1,300/oz to $1,425/oz.

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