We are in STAGFLATION, interest hikes will lead to no hiring and layoffs. Oil prices are at a record high due to Russia not feeding the supply. This in turn will cause shipping costs to rise, hence an increase in goods and services.
Gold is not a safe-haven commodity or is it? Why has the gold tumbled? Because economists don't know how to handle Stagflation. Remember the 70's and OPECS pushing the oil prices up to record highs. There is little we can do to stop this effect, it just has to run it's course.
General discussion, page-1151
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Last
$1.21 |
Change
-0.035(2.81%) |
Mkt cap ! $311.8M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.21 | $9.496M | 7.813M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 158372 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 442307 | 2 |
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| KCN (ASX) Chart |