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
The fear gripping markets around the world is fueling record...
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Last
$1.59 |
Change
-0.020(1.24%) |
Mkt cap ! $1.722B | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.63 | $1.58 | $5.149M | 3.234M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 20612 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.59 | 19963 | 2 |
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| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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$1.59 |
Change
-0.020 ( 2.24 %) |
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| Open | High | Low | Volume | ||
| $1.63 | $1.63 | $1.58 | 898783 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| GOR (ASX) Chart |