Give it up mate. There are ups and downs in gold prices that are part of a normal market cycle. These are influenced by things such as USD strength/weakness, interest rates, supply and demand, market confidence and many other variables. There are also "re-rates" that occur throughout history whereby the price of gold experiences a paradigm related shift.
We have interest rates skyrocket in the last 2 years, which normally would see gold prices crash, and they haven't. This appears to be a "re-rate" scenario caused by lack of confidence in fiat currencies and the abilities of central banks to get themselves out of debt.
Consevative price target 75 cents to $1.04 approx, page-49
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Last
$1.97 |
Change
0.023(1.15%) |
Mkt cap ! $2.281B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.02 | $1.96 | $2.902M | 1.460M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 27769 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 9059 | 9 |
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| Last trade - 12.19pm 15/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |