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.
Gold mainnly got sold down by people trying to cover losing...
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $41.55M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $13.80K | 98.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 81170 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 8470 | 2 |
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| Last trade - 15.36pm 01/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |