The fear gripping markets around the world is fueling record trading in gold as investors seek out havens.Gold trading tracked by the London Bullion Market Association’s LBMA-i service reached almost $100 billion on Monday, the highest-ever daily volume, the association said. The jump came as a full-blown oil price war rattled global financial markets already reeling from the coronavirus outbreak. The record trading volume affirmed “gold’s status as a safe-haven asset in times of turmoil,” the LBMA said in a note. Investors have piled into gold at a faster pace this year in anticipation of a wave of monetary easing to cushion the impact of the virus crisis. That’s pushed bullion prices to a seven-year high and holdings in exchange-traded funds to a record. Prices also recently reached all-time highs in currencies including the Canadian and Australian dollars and India’s rupee. Bloomberg 12/3/20 Elena Mazena
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Last
$1.66 |
Change
0.023(1.37%) |
Mkt cap ! $1.792B |
Open | High | Low | Value | Volume |
$1.65 | $1.67 | $1.64 | $2.767M | 1.672M |
Buyers (Bids)
No. | Vol. | Price($) |
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24 | 58504 | $1.66 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.67 | 293422 | 41 |
View Market Depth
No. | Vol. | Price($) |
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42 | 95394 | 1.655 |
21 | 78087 | 1.650 |
22 | 177969 | 1.645 |
14 | 446837 | 1.640 |
9 | 335841 | 1.635 |
Price($) | Vol. | No. |
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1.660 | 17637 | 8 |
1.665 | 293854 | 42 |
1.670 | 95881 | 19 |
1.675 | 188092 | 18 |
1.680 | 115660 | 19 |
Last trade - 13.00pm 28/05/2024 (20 minute delay) ? |
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Last
$1.66 |
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Change
0.023 ( 1.19 %) |
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Open | High | Low | Volume | ||
$1.66 | $1.66 | $1.64 | 401681 | ||
Last updated 13.19pm 28/05/2024 ? |
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