Gold’s demand comeback
"The great majority of gold’s price trends have long been driven by speculators’ gold-futures trading and/or investors’ gold-ETF-share trading."
"Amazingly gold’s massive gains [since October 2023] have accrued despite no demand from one of its primary drivers. That’s differential gold-ETF-share buying by American stock investors. Enthralled by the AI stock bubble, those guys have been missing-in-action. When they finally return, gold’s demand comeback will supercharge its gains."
https://www.mining.com/web/golds-demand-comeback/
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Gold’s demand comeback "The great majority of gold’s price...
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Last
$4.52 |
Change
-0.060(1.31%) |
Mkt cap ! $8.991B | |||
| Open | High | Low | Value | Volume |
| $4.55 | $4.60 | $4.51 | $29.35M | 6.479M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31762 | $4.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.55 | 33155 | 3 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| EVN (ASX) Chart |