Actually the fall of the gold price is a combination of politics and economics . The United States Federal Reserve increase rates to combat inflation which has a deflatiinary effect on prices. The outcome is an exit for inflation hedging , bonds, silver and gold. The fall in bond, silver and gold prices are political although interest rate rises are the driving force.
The federal reserve helps the government achieve objectives. The rise of the gold price ifrom 2008 to 2050usd and fall to 1700usd is driven by politics.
The economic stimulus taking gold to highs and interest rate increses causing a fall.
Inflation vs deflation
Actually the fall of the gold price is a combination of politics...
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Last
$2.09 |
Change
0.000(0.00%) |
Mkt cap ! $2.393B | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.09 | $2.04 | $5.465M | 2.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.09 | 90183 | 6 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |