My charts dont confirm this, last week had a high of $1214 (using Oanda) CMC Gold (Cash) also has no record of such a spike.
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HI Peat, I use www.ino.com and acrooss the top of the page are the major markets, gold, oil, dow etc. If you click on the chart for gold "one month" you will see it.
It will only show on a bar chart showing open/high/low/close for that day. It won't show on a "close only" chart.
Some of my gold stocks the only green ones today in my whole portfolio. EVN and NST just ,atm
Yes everything outside the mid-cap to larger Gold miners all my micro-caps flat to down ... just purchased some NCM via CFD .. I really think Gold will break north tonight just far to much risk in the markets falls should continue Asia markets crashing hard currently ... Good old Bitcoin down 5% LOL so much for safe haven
seems to be a double repo buy underway on the weekly XAUUSD
Unusual! POG and the US$ index are both up about .3% overnight and they have both broken upwards clear of their 50 day moving averages.. normally when one goes up the other will go down.
This article suggests it is a hedge against the US dollar falling.
https://www.cnbc.com/2018/11/01/gold...ree-years.html
I wish I understood the gold market, without the central banks buying would the price of gold hold up? I should really look at production total etc etc. I have vague memories of someone explaining this to me earlier in the thread probably JB.
Good to see central banks still consider it a currency/financial asset.