Article link below re POG hitting $US2,200. I took note of the following 2 paragraphs especially the second. It seems futures traders boosted their net long positions the most in 5 years while UBS expects ETF buying gold to send POG even higher. The latter may already be happening in USA.
“Speculation around the timing of the Fed’s long-anticipated pivot may have provided the trigger for recent gains, with data showing that traders boosted their net long positions on gold in the week through March 5 by the most since 2019.The metal stands to benefit even more when US interest rates actually do come down, as bullion-backed exchange traded funds look likely to increase their holdings, according to UBS Group.”
https://www.mining.com/gold-price-breaks-2200-for-first-time/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=gold-price-tops-2200-setting-new-record
Article link below re POG hitting $US2,200. I took note of the...
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Last
$1.96 |
Change
0.115(6.23%) |
Mkt cap ! $2.307B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.89 | $21.82M | 11.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3835 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 13497 | 2 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$1.95 |
Change
0.115 ( 5.61 %) |
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| Open | High | Low | Volume | ||
| $1.89 | $1.96 | $1.89 | 629026 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| BGL (ASX) Chart |