China bought 300 tonnes recently. They are using it as a backstop to trading in the yuan, rather than the US$. Iran, Russia are also trying to use it as a way to back their fiat currencies. China is attempting to move as many trades in Yuan
(Rembri). Many countries will agree to this provided it has gold as part of the backstop. I would not be surprised if our allocation of shares is scaled back. With the current SP most will want to maximise their possible gains. It is not often the minnows get a
chance to get the same deal as the Sharks.
China bought 300 tonnes recently. They are using it as a...
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Last
$1.87 |
Change
-0.040(2.10%) |
Mkt cap ! $2.195B | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.89 | $1.83 | $14.37M | 7.752M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32369 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 11884 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.87 |
Change
-0.040 ( 1.86 %) |
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| Open | High | Low | Volume | ||
| $1.88 | $1.89 | $1.83 | 1066700 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| BGL (ASX) Chart |