Movement on POG due to decline in US Dollar Index overnight (fell to 102,73). The decline was due to existing home sales in the US declined by 2.4% to a seasonally adjusted annual rate of 5.61 million in April of 2022, a further indication of potential decline in US economic activity.
Fears of stagflation in the US are growing. Further below expectation results on key economic activity measures will cause further declines on USD strength providing upward momentum on POG.
Not much on US economic activity tonight but a further deterioration in EU Consumer Confidence for May may give gold a slight lift.
Note as of 10.56 US Dollar Index has risen to 102.97 with accompanying reduction in POG at start of Asian trading day and fall in share price gains for NST and other gold majors from this morning.
Movement on POG due to decline in US Dollar Index overnight...
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$13.71 |
Change
0.250(1.86%) |
Mkt cap ! $15.75B | |||
| Open | High | Low | Value | Volume |
| $13.76 | $13.82 | $13.57 | $108.5M | 7.907M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 110631 | $13.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.71 | 48528 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| NST (ASX) Chart |