Over the last several months you'll notice there was huge correction back to normality.
The falling commodity prices indicates that inflation will fall.
The world is heading towards recession which is deflationary for gold. As the United States enters recession countries like China and India will probably offload a lot of gold.
Why rms is getting hammered
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Last
$2.05 |
Change
-0.080(3.76%) |
Mkt cap ! $2.338B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.06 | $1.96 | $3.939M | 1.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 57794 | $2.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.05 | 49851 | 23 |
View Market Depth
| Last trade - 12.12pm 12/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |