Gold continues to trend upwards on the back of US dollar’s ongoing weakness and concerns about inflation, so it’s unsurprising that the majority of gold plays on our watchlist have marked gains this week.
© * Australia gold digger climb gold top
The previous metal is currently trading above the $US1,750 ($2,297.6) an ounce mark, with Bloomberg Intelligence expecting a return to “more-enduring upward trajectories in gold and bond prices” as the bounce in crude oil ends.
Commerzbank AG analyst Carsten Fritsch added that gold would be the winner if concerns emerge that the US economy might overheat as a result of the fiscal stimulus.
Meanwhile, Citibank analysts expect gold to average about $US1,800 an ounce this year.
Ann: Sylvania Project Update, page-8
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.68M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $8.874K | 85.62K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25001 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 63346 | 3 |
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| Last trade - 15.38pm 01/11/2024 (20 minute delay) ? |
| LAT (ASX) Chart |