A $150 daily trading range for an ounce of gold is what you call ‘volatility’.
The market is now embracing gold (like crypto) and the buying is now coming from all over the world.
If you have a few gold bars in the safe, I don’t think you would be selling them leading into an Israel/Iran war, Russian making headway in Ukraine and/or a Trump Presidential win.
Costco are even reportedly selling $200 million of small gold bars a week.
Chinese Central Bank was the major buyer last quarter
Zimbabwe experiment of a new gold backed currency seems to be working … and may set a new trend with countries needing a new currency.
More volatility to come … so we need to get used to it
A $150 daily trading range for an ounce of gold is what you call...
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Last
42.0¢ |
Change
-0.010(2.33%) |
Mkt cap ! $780.9M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 42.0¢ | $748.7K | 1.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 164604 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 75252 | 4 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| OBM (ASX) Chart |