Gold miners’ SP generally followed the trend of physical gold ETFs on ASX as shown in the following 3-year chart. Considerable misalignment occurred during the first wave of Covid Feb-May 20 and in the current second wave. The misalignment during this 2nd wave is evident in the 3-month charts. The 6-9 Aug gold price (paper) flash crash noticeably set XGD apart from physical gold ETFs trend.
For whatever reason, the likes of RMS and SLR have been punished more severely than most despite their solid operational performance. Hopefully, their SP will catch up when the 2nd wave subsides.
ASX: XGD S&P/ASX ALL ORDINARIES GOLD (SUB INDUSTRY)
ASX: GOLD ETFS PHYSICAL GOLD
Gold miners’ SP generally followed the trend of physical gold...
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Last
$1.89 |
Change
-0.010(0.53%) |
Mkt cap ! $2.151B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.90 | $1.87 | $4.555M | 2.420M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 38200 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 25331 | 21 |
View Market Depth
| Last trade - 15.05pm 05/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |