Gold snippet today =
7. Gold’s unconventional sell-off: A curious for many in the market is what’s happening in the gold market. Prices tumbled 4 per cent last week, despite market participants piling into safe-havens. It appears the gold price is falling victim to internal market dynamics. Portfolio managers are selling the gold positions to the margin calls on their equity holdings. It’s quite a familiar phenomenon in times of market distress, and often marks a temporary dip in the gold price, before a reasonably considerable rip.
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GOR? On? Out? when?, page-16
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Last
$1.68 |
Change
-0.030(1.76%) |
Mkt cap ! $1.815B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.67 | $4.835M | 2.881M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12880 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 19089 | 1 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| GOR (ASX) Chart |