just in SH - 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
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.
just in SH - did not realise contango for gold futures was at a...
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Last
$1.85 |
Change
-0.085(4.40%) |
Mkt cap ! $2.172B | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.92 | $1.85 | $5.954M | 3.178M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 21056 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 61760 | 5 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$1.85 |
Change
-0.085 ( 4.28 %) |
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| Open | High | Low | Volume | ||
| $1.92 | $1.92 | $1.85 | 712799 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| BGL (ASX) Chart |