apparently the story is George Soros dumped nearly all his stake in Gold US$800m worth and other players followed suit.
My guess is that he is betting on US interest rates coming up. It is the sort of thing Soros does - makes bets on National economic policy - he is the guy that made gazillions shorting the pound a while back.
From a GOR view point it probably does not mean a lot but makes the market a bit choppy.
we may be on the way back up , page-5
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Last
$1.74 |
Change
-0.040(2.25%) |
Mkt cap ! $1.879B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.73 | $5.135M | 2.946M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 26905 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 8046 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| GOR (ASX) Chart |