Two more rate rises and gold will retreat back to low 1700s . Much of the inflation is caused by supply chain and shortages that are not discetionary.
The fed and rba are slow on raising rates which has allowed inflation to increase because it will take interest rates of around 8% to slow inflation.
market revaluation 75 cents., page-133
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$1.96 |
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-0.040(2.00%) |
Mkt cap ! $2.242B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.02 | $1.96 | $6.529M | 3.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 80904 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 13842 | 3 |
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| RMS (ASX) Chart |