I think its pretty widespread across the AU gold sector.
IMO the rate cut had people are locking in some good profits from gold and moving money back into equities.
Swings and roundabouts.
I am not a chartist by any stretch and I could be well off the mark but apart from the action around the GFC, QE etc, it looks like over the past couple of years, the POG is sliding back into its long term channel.
Acquisition, page-8
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Last
$3.77 |
Change
0.060(1.62%) |
Mkt cap ! $7.486B | |||
| Open | High | Low | Value | Volume |
| $3.78 | $3.79 | $3.74 | $25.17M | 6.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4991 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.78 | 42978 | 7 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| EVN (ASX) Chart |