I just don't get it. The USD rallies huge on the inflation figures as it means the Fed are going to raise interest rates at least by 0.75 next week.
So the USD rallies.
So Gold drops like the proverbial lead balloon. (As with US indices)
Yet no talk of the macro-environment here, some still saying it's TIE SP manipulation.
Take a look at a chart for gold in USD. It's now very very bearish and probably will continue to be so for some time.
(No money for gold when people can't even pay their energy bills in Europe.)
Ann: $49.3 Million Placement Agreement, page-89
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Last
68.0¢ |
Change
0.005(0.74%) |
Mkt cap ! $776.2M | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 68.0¢ | 67.0¢ | $1.945M | 2.878M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 496660 | 67.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 13490117 | 94 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
67.8¢ |
Change
0.005 ( 0.03 %) |
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| Open | High | Low | Volume | ||
| 67.5¢ | 68.0¢ | 67.5¢ | 488540 | ||
| Last updated 15.58pm 10/05/2024 ? | |||||
| TIE (ASX) Chart |