That I can't say. Gold demand due to fear is there but the main tailwind to gold have been the very strong central bank buying due to imposed capital requirements. When gold was upgraded to tier 1 capital status a year or so ago, they moved from buying negative yielding bonds to gold. Keeping a close eye on Davos developments that may jeoperdise this demand.
looking at the COT the speculative longs still needs to unwind. They usually lock in profits when there is a catalyst for a downturn and a waning central bank demand might be it...
See you at >$2.45, page-217
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Last
$1.56 |
Change
-0.015(0.95%) |
Mkt cap ! $1.690B | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.57 | $1.55 | $4.798M | 3.074M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17122 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 50933 | 4 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.56 |
Change
-0.015 ( 1.11 %) |
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| Open | High | Low | Volume | ||
| $1.56 | $1.57 | $1.55 | 903785 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| GOR (ASX) Chart |