Index is imminent

PUNDITS expect the new Australian Gold Index, to be launched by the Australian Stock Exchange in October, to become a “key world gold benchmark”.

The Australian Gold Council has given its support to the ASX’s move to create a new $10 billion Australian Gold Index, expected to boost gold resource development in the country.

The index will be a sub-index of an ex-panded All Ordinaries Index to be launched next April incorporating the country’s top 500 listed companies.

It will almost double the market capitalisation of the current index and lift the number of stocks from fourteen to about forty-eight.

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