Totally agree mate.
Covid-19 is only the initial driver of Gold Price.
As you have mentioned, the real and long term drivers of Gold Price are the global debts, stimulus, inflation, interest rate etc etc.
It's just many people think (and I'm no expert either) that Gold is a natural hedge and if the world is fine (and there is a Coronavirus vaccine) then that's bad for Gold Price.
As per my other post, once Coronavirus vaccine is discovered (which is what we all want), Gold Price will take the initial hit but after a period of time, the financial aftermath of the pandemic will hit the global markets which is when Gold Price will go north and far north.
WAF $2.00 Party - You're all invited!, page-275
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Last
$1.48 |
Change
0.055(3.86%) |
Mkt cap ! $1.683B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.48 | $1.45 | $7.196M | 4.909M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7517 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 80961 | 8 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WAF (ASX) Chart |