Gold/silver prices are currently falling because yields/DXY are spiking. This is a great example of how precious metal prices respond to perceived risk events. Investors flock to the safety of bonds and USD. Gold has an inverse relationship to these asset classes, so when they spike, precious metals sink.
Precious metal investors are actually fixed-interest traders. Professional traders understand this and position themselves accordingly. Many retail traders simply see gold/silver as something that does well when financial conditions deteriorate. Which is often (but not always) diametrically opposed to the truth.
BML Chart, page-21
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Last
9.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.40M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 290834 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 23124 | 2 |
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| Last trade - 10.34am 24/07/2024 (20 minute delay) ? |
| BML (ASX) Chart |
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