This rally, under the hood:
Gold’s sharp increase has since caught the attention of market participants. The initial trigger was linked to a weak ISM print in the US on 1 March,[3] pushing bond yields down. Gold’s positive trend was further cemented following the US Federal Open Market Committee (FOMC) meeting on 20 March. Market participants generally took the Fed statement and Powell’s comments as dovish, resulting in strong performance of many asset classes – including gold – on the prospects that the Fed may start cutting rates in June. Lower rates reduce the opportunity cost for holding gold.
https://www.firstlinks.com.au/driven-big-rally-gold
A good recap/grounding at this point in the rally.
OV
***
*****
PS Once a bid on DEG materializes I believe it won't be the only one. Therefore those who are dissatisfied with the sp (I'm not over the moon either) should sell because the rally's barely a month old. To be clear: I'm staying in!
This rally, under the hood:Gold’s sharp increase has since...
Add DEG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.24 |
Change
-0.010(0.80%) |
Mkt cap ! $2.286B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.24 | $3.334M | 2.676M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 108705 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 20490 | 2 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.24 |
Change
-0.010 ( 0.44 %) |
||||
| Open | High | Low | Volume | ||
| $1.25 | $1.26 | $1.24 | 820175 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| DEG (ASX) Chart |