Australian election results are highly unlikely to affect the USD value of gold. Our economy is simply too small.
The AUD has had a torrid time due to a weakening domestic environment, and a consequent cut by the RBA. LNP victory might help the currency going into next week, but don’t forget that weak environment came about under a Liberal govt. Also, the external drivers of European slowdown and trade disputes elsewhere are headwinds that aren’t going away soon.
Net result, px of AU in AUD, might not go anywhere drastic in the short term imo.
Over the medium term, Trump’s tariffs along with a strong employment market in the U.S are likely to stimulate the re emergence of inflation. With bond yields so low, gold becomes a much more attractive investment in an inflationary environment. The Fed has been castrated by Trump, and has a history . (see Greenspan) of expansionary policy. Remember, the tariffs may produce some “inflation like” numbers, but are actually a drag on the economy. That also keeps a lid on the Fed.
As far as AMI is concerned, it is time for the restructured board to stick to their knitting. Get the AISC as low as possible. The sp will then take care of itself.
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $304.4M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 17.5¢ | $444.5K | 2.468M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 299999 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 561330 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 299999 | 0.180 |
9 | 684766 | 0.175 |
14 | 532188 | 0.170 |
8 | 623800 | 0.165 |
10 | 952391 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 561330 | 5 |
0.190 | 546332 | 8 |
0.195 | 600661 | 6 |
0.200 | 331000 | 8 |
0.205 | 366259 | 2 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
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