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Gold – the final bubble, page-4441

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Ophir

11,173 Posts.

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31/08/15

16:19

Post #: 15906810
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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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Hi Rise, imo it's going to work the other way now.... gold to rise faster than A$ fall. USD has cracked major hourly support and 4 levels... big night ahead, for gold
8 Upvote

0 Great analysis

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