Australia's largest stock trading and investment forum Australia's #1 stock forum

What driving the sudden gold spike as if bonds are rising gold...

First 9 Last

Share
Profile

Follow
wrighty64

4,948 Posts.

255

27/11/23

13:10

Post #: 71124952
Share

Originally posted by highlandlad: ↑

Thanks @shovel40, @Fiji1, @Patterns and morning crew.

OT: impressed with @HungHing's self-discipline at the doughnut shop. Might be the first person in history to enter a doughnut shop and not buy anything. That's some kind of Zen doughnut mastery right there. I bow to the Master.

Half-time wrap:

The share market gave up early gains as US equity futures weakened and a recovery in bond yields continued ahead of inflation data this week that could reset interest rate expectations.

The ASX 200 swung from a 14-point opening gain to a mid-session loss of 22 points or 0.31%. The market rolled over as the major miners and most of the banks turned negative.

A rebound in bond yields entered a fourth day. The yield on 10-year Australian government bonds firmed three basis points this morning. Bond yields reflect expectations for official interest rates.

US futures slid in Sunday night trade as US treasury yields rose. S&P 500 futures dropped 0.18%.

Personal trading: Turgid morning. Feels like the US Thanksgiving break has sucked a lot of momentum out of the market. Hopefully just temporary - it's way too soon for the Christmas doldrums. Took AX8 on retrace - has come back a long way in a short time.

Expand

What driving the sudden gold spike as if bonds are rising gold might be set for the sucker punch here.
1 Upvote

Reply

Top Stories

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

REZ

"Significant milestone:" Resources Energy restarts gold mining, first pour Q4

TG6

Lake Johnston pegmatite responds well to simple DMS processing for TG Metals, yielding 6.31% Li2O spodumene

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

AUE

Aurum and Mako Gold pursue merger for gold development in West Africa

There are more pages in this discussion • 163 more messages in this thread...

First 9 Last

SPONSORED BY