RMS 1.38% $2.15 ramelius resources limited

The USD has an outsized impact of GOLD. And the USD has been...

  1. 224 Posts.
    lightbulb Created with Sketch. 68

    The USD has an outsized impact of GOLD. And the USD has been very strong recently.
    This is interesting and illustrates the point below, GOLD hit new cyclical highs in all other major currencies apart from USD.
    I.E the weak AUD has been helping domestic exporters of Gold like RMS.
    Not an inflation hedge. Not a safe haven. - All Star Charts -

    https://hotcopper.com.au/data/attachments/4513/4513511-41717aa627b335a6249bc63be4123ce7.jpg

    https://hotcopper.com.au/data/attachments/4513/4513514-ae8c893ef701d23d537189c4f98f9aa5.jpg

 
watchlist Created with Sketch. Add RMS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.