Give it up mate. There are ups and downs in gold prices that are part of a normal market cycle. These are influenced by things such as USD strength/weakness, interest rates, supply and demand, market confidence and many other variables. There are also "re-rates" that occur throughout history whereby the price of gold experiences a paradigm related shift.
We have interest rates skyrocket in the last 2 years, which normally would see gold prices crash, and they haven't. This appears to be a "re-rate" scenario caused by lack of confidence in fiat currencies and the abilities of central banks to get themselves out of debt.
Consevative price target 75 cents to $1.04 approx, page-49
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Last
$1.88 |
Change
-0.045(2.34%) |
Mkt cap ! $2.137B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.89 | $1.85 | $4.032M | 2.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 29252 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 39196 | 40 |
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| RMS (ASX) Chart |