US has hit its debt ceiling and the usual political argy bargy is ongoing. Right now US Govt can't issue anymore securities so are running down their cash reserves to pay bills. this means that supply demand fundamentals in Treasury bills are causing yields to fall as everyone are competing with Fed to access existing treasuries.
There is a lot of noise that makes predicting gold prices using fundamentals and traditional economic interpretations very difficult atm. My view is that there is a lot of hot money moving out of gold and into stocks paying fat dividends in August. I think we will see some wild swings in August and (fingers crossed) movement back into gold in September as people rebalance their portfolios.
Just have to batten down the hatches and ride out the gold price storm....
Ann: Diggers and Dealers 2021 Presentation, page-27
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Last
$4.58 |
Change
0.010(0.22%) |
Mkt cap ! $9.110B | |||
| Open | High | Low | Value | Volume |
| $4.62 | $4.65 | $4.58 | $32.64M | 7.084M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18510 | $4.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.59 | 2000 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| EVN (ASX) Chart |