Gold dropped on the back of rising US Bond yields, back to pre-covid levels.
Gold has an inverse relationship with nominal and real interest rates, when bond yields rise, the price of gold declines and vice versa.
Goldroads is still an undervalued investment even with the POG down at $1,500, not too worried. Remember gold is always sold at a value higher than what the POG actually is by a company such as goldroads and NST.
Gold dropped on the back of rising US Bond yields, back to...
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Last
$1.93 |
Change
-0.045(2.28%) |
Mkt cap ! $2.086B | |||
| Open | High | Low | Value | Volume |
| $1.96 | $1.96 | $1.93 | $7.640M | 3.944M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 27429 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 144084 | 4 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| GOR (ASX) Chart |