Gold is safe if the stock indices are only down 5% or so. History suggests most stock declines of more than 10% are also accompanied by decline in gold. The dynamics at play is that investors sold gold to buy the dip in shares. Gold could suffer more decline at this point.
Gold is safe if the stock indices are only down 5% or so....
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Last
10.3¢ |
Change
-0.003(2.38%) |
Mkt cap ! $318.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $325.2K | 3.123M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 88 | 10934117 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 5331590 | 48 |
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| Last trade - 13.16pm 27/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |