IMO the price of gold is controlled by investor demand and central banks. What were the events that caused the gold bull run from 2002 and 2012? IMO it was the central banks allowing it run on investor demand, it is now IMO happening again. This time there is a lot more investor demand from new players in India and China in particularly where property and stock markets are crashing and gold is looking like a safe haven. One thing for sure gold has been appreciating in value for over 2000 years and will continue this time around. Sure it could drop from here but I’m punting it won’t and like my odds. Look at Bitcoin which has appreciated 4x from its lows over a few years, gold a more fundamental investment could the same.
Gold price, page-76
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Mkt cap ! $97.75M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 12.0¢ | $33.12K | 275.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 164452 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 12.5¢ | 1315527 | 18 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 12.0¢ | 12.0¢ | 12.0¢ | 110000 | ||
| Last updated 12.43pm 07/06/2024 ? | |||||
| CAI (ASX) Chart |