Traditionally it is slow moving. But at certain points in time gold moves fast like this as a response to the general loss of trust in the USD (and Fiat in general) as a store of value and U.S. Treasury bonds as a safe asset. Ever done the groceries lately, you can feel it. In Australia the same basket of goods cost roughly twice in nominal $ terms as it used to from 1998 to 2023; 25 years. Or in other words, in 25 years you've lost 50% of purchasing power... Gold is really just catching up.
If you don't believe me have a play of the RBA calculator.
https://www.rba.gov.au/calculator/annualDecimal.html
Traditionally it is slow moving. But at certain points in time...
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Last
26.0¢ |
Change
-0.005(1.89%) |
Mkt cap ! $251.5M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 25.5¢ | $504.5K | 1.938M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 137997 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 551941 | 10 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
26.5¢ |
Change
-0.005 ( 1.81 %) |
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| Open | High | Low | Volume | ||
| 26.0¢ | 26.5¢ | 25.5¢ | 1215893 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| AIS (ASX) Chart |