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
$3.73 |
Change
-0.220(5.57%) |
Mkt cap ! $7.407B | |||
| Open | High | Low | Value | Volume |
| $3.90 | $3.90 | $3.73 | $68.66M | 18.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21612 | $3.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.74 | 46587 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$3.74 |
Change
-0.220 ( 5.42 %) |
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| Open | High | Low | Volume | ||
| $3.89 | $3.89 | $3.73 | 5691901 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| EVN (ASX) Chart |