While I agree it is unlikely, and something closer to 1400-1500 would be more reasonable in the near future until waters calm. But gold prices are close to what they were In early 2011, which were about $US 1400 an ounce, before running up to almost $2000 an ounce in 7 months.
Times were not so different either, fears about weakness in the EU, fears about a relapse into recession, slow growing economies and large debts, US halting interest ratesrates too.
Well as far as I can tell debt is higher now, government and personal, the EU has just lost a member and the pound fell drastically, talks of recession are on the cards.
Here's an article from 2011 when gold was at $1900 does it not sound like today?
Although the USD it's much stronger now so perhaps the gold price is actually technically closet to 2011 $1900 already.
Anywho, check out the article, interesting read. The stock market can be predicted from history.
https://www.theguardian.com/business/2011/sep/06/gold-hits-new-high-financial-markets
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While I agree it is unlikely, and something closer to 1400-1500...
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Last
$2.56 |
Change
-0.030(1.16%) |
Mkt cap ! $1.473B |
Open | High | Low | Value | Volume |
$2.60 | $2.60 | $2.54 | $4.403M | 1.716M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 94933 | $2.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.57 | 35564 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13580 | 5.400 |
6 | 81080 | 5.390 |
10 | 155033 | 5.380 |
10 | 111218 | 5.370 |
2 | 19337 | 5.360 |
Price($) | Vol. | No. |
---|---|---|
5.410 | 33582 | 4 |
5.420 | 206580 | 18 |
5.430 | 104617 | 15 |
5.440 | 34745 | 6 |
5.450 | 31559 | 6 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
RRL (ASX) Chart |