just in SH - I did not realise contango for gold futures was at a 20 year high even with spot POG at record high. I had noticed gold futures for a few years ahead were around $2,800+. Lots of traders have a bullish outlook for POG. And 20 years ago was before the huge move upwards in POG so hopefully that looks like a good omen.
Genesis Minerals (ASX:GMD)CFO Morgan Ball told analysts at the Raleigh Finlayson-led gold producer’s investor day in Sydney that contango for gold futures was sitting at 20-year records despite record high spot prices — which have some near term triggers in potential US rate cuts this year.Contango is a situation when the forward curve is priced higher than spot. The opposite is called backwardation.
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Last
$2.00 |
Change
-0.025(1.24%) |
Mkt cap ! $2.550B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.02 | $1.97 | $3.070M | 1.543M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 37564 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 10599 | 15 |
View Market Depth
| Last trade - 14.01pm 25/06/2025 (20 minute delay) ? |
| SPR (ASX) Chart |