Here is what the GTM looks like today :
Average SELL price : 792 675 coins (+1,6%)
Average BUY price : 753 388 coins (+3,2%)
Today the buy price of the gold is regular arround a base price (750k).
We notice that the gold demand is going slightly down, while the gold offer is growing up… This is pretty unusual because people want to sell more gold, but at the same time they put high prices, causing the demand to go down…
Check the following spreadsheet for details : Gold Trading HT 21-2
To conclude with today’s analysis, if you want to buy golds, I suggest you wait for a bit until the prices of gold selling go down (which will happen if the demand still goes down).
See you tomorrow for another GTM analysis. Don’t hesitate to comment !