On the other hand, a slowdown and some miners shutdown production will be a supply concern. And with uncertainty around the world, demand for gold "usually" spike, but with lower supply. Guess what?? Gold price should be up.
There is also a theory that miners will reduce production to pump up the price of gold. Just like OPEC.
On the other hand, a slowdown and some miners shutdown...
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Last
$3.93 |
Change
0.060(1.55%) |
Mkt cap ! $7.804B | |||
| Open | High | Low | Value | Volume |
| $3.92 | $3.94 | $3.84 | $53.48M | 13.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 81963 | $3.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.94 | 142627 | 11 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| EVN (ASX) Chart |