even with all these factors in golds favor last 6 months gold has been extremely volitile and even with the printing to come there is no guarantee we hit those all time highs again. Conversely we have seen risk on in the general market with all this printing and people Turing to the dollar or Bitcoin as a safe haven rather than gold. No sign yet of the sort of inflation that would lead to people turning to gold as a store of wealth.
it's crazy to me, it's like we have never seen better conditions to drive the price of gold through the roof and yet at every step it seems to find another excuse to pull back.
I'd love to be proven wrong and I'm still hopeful but less bullish than I was 6 months ago for sure.
even with all these factors in golds favor last 6 months gold...
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$1.44 |
Change
-0.395(21.6%) |
Mkt cap ! $1.689B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 5 | 144224 | $1.44 |
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| Price($) | Vol. | No. |
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| $1.44 | 285910 | 2 |
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| BGL (ASX) Chart |