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Bullboard - Stock Discussion Forum Westgold Resources Ord Shs WGXRF


Primary Symbol: T.WGX

Metals & Mining Gold
Westgold Resources Limited is a mid-tier gold producer and international gold company. The Company is engaged in the exploration, development and operation of gold mines, primarily in Western Australia. The Company owns and operates all of its underground and open pit mines. Its operations include Murchison Operations, Meekatharra Gold Operations (MGO), Cue Gold Operations (CGO), Bryah... see more

TSX:WGX - Post Discussion

Westgold Resources Ord Shs > Unusual spike
View:
Post by MaterialsMan on Aug 20, 2024 5:40am

Unusual spike

For some reason (unknown to me), the spot price of gold went almost straight up 25 bucks in the last couple of hours.
I've searched the international news for an apparent reason
Not complaining mind you.
Just trying to find out if anyone has a clue as to why.
This is an odd time of day for this sort of thing to happen for no apparent reason.
Maybe some central bank loaded up.
Comment by MaterialsMan on Aug 20, 2024 8:35am
According to Wyckoff from Kitco, an email dispatch this morning suggesting increased demand from China was the catalyst. I believe demand from China has been in the news for weeks.  It's as good an excuse as any I guess.
Westgold Resources Ord Shs
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