...XGD is down 13.8% since 12 Sept 22 (the start of recent market rout) , AUD Gold (physical) up 1.4% over the same period.
....as I stressed often, AUD physical(digital) Gold is safest approach to hold Gold during this period of market turbulence. Indeed, AUD Gold was 12% higher during the Covid crash period while all equities including gold equities went into liquidation mode.
....as I posted yesterday, the rapid acceleration of the AUD decline despite oversold is indicating something is not well. I am afraid that with the June lows support falling out tonight, the algos would cause large damage to stocks tonight.
1 month view
https://www.tradingview.com/symbols/XAUAUD/
1 year view
https://www.tradingview.com/symbols/ASX-XGD/
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