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Why The ASX Gold Sector Is Glittering

The ASX sector had a very strong day across the board as it benefited from market volatility. 
Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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The ASX sector had a very strong day across the board as it benefited from market volatility.

The S&P 500 Index (INX) fell 2.4% yesterday and the ASX All Ordinaries (XJO) fell a more muted 0.85% during trade on Tuesday.

When markets get volatile it usually leads to the gold price going up, which also benefits the ASX gold miners.

Here are some of the shining rises today:

The Evolution Mining Ltd (ASX: EVN) share price went up 7.2%.

The Regis Resources Limited (ASX: RRL) share price grew 6.8%.

The Northern Star Resources Ltd (ASX: NST) share price increased by 4.3%.

The St Barbara Ltd (ASX: SBM) share price went up by 3.4%.

The Saracen Mineral Holdings Limited (ASX: SAR) share price grew by 4.25%.

The Resolute Mining Limited (ASX: RSG) share price rose by 2.7%

The Newcrest Mining Limited (ASX: NCM) share price increased by 1.8%.

Over the long term gold isn’t a good investment, but it does seem to perform inversely well when the share market goes down.

But, I much prefer the idea of owning the rapidly rising ASX shares in the free report below for growth compared to growth shares.

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