People are substituting currency for commodities, gold, silver, coal, wheat, cotton, copper, etc etc.
Commodities in this environment have become a safe haven. Many commodities are outperforming gold. Take a look at nickel.
The difference with gold you dont have the same price swing and crash. Other commodities are so high at the moment they are a risk.
gold $3500 aud with 21 days, page-11
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Last
$2.15 |
Change
0.020(0.94%) |
Mkt cap ! $2.468B | |||
| Open | High | Low | Value | Volume |
| $2.13 | $2.19 | $2.12 | $7.753M | 3.591M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 108305 | $2.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 9955 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |