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Without cheap gas as a cheap input cost. Newcress will never...

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locshare11

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31/08/15

14:51

Post #: 15906013
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Originally posted by Slider on the black ↑

Aud 1587

Stronger greenback helps Aussie gold hold on to its luster

A stronger greenback is playing into the hands of Australian prospectors, with the bullion price in Australian dollar terms relatively stable since the start of 2015, according to Surbiton's director, Sandra Close.

"Despite lower gold prices in US dollar terms, the depreciation of the Australian dollar is proving a blessing for Australian gold producers," Close said. "Although the gold price averaged $1,192 per ounce in the June quarter, the Australian dollar gold price averaged A$1,532 ($1098.60) per ounce."

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Without cheap gas as a cheap input cost. Newcress will never make profits as the same as AU producers. Lower AUD help exporters. Can you please show me what countries are AU producers selling their gold to?
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