Gold mainnly got sold down by people trying to cover losing positions in equities.
Gold was ahead of itself by a coulple of hundred dollars of you have a look at the sharp upward turn on the chart.
Healthy corrective brought about by general market weakness last Thursday/Friday.
Still circa AUD 1,700/oz with the aussie/usd slipping down with the metals prices.
There has definitely been a distinctive link to resource prices and the strength of the aud over the last three years and it showed last last week. I think this trend will continue.
get the worry beads out, page-11
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Last
18.5¢ |
Change
-0.010(5.13%) |
Mkt cap ! $53.01M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $13.12K | 70.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 118797 | 4 |
View Market Depth
| Last trade - 15.45pm 01/11/2024 (20 minute delay) ? |
| FML (ASX) Chart |