Food for thought:
- POG was hovering around $US2000/oz when $A was $A0.75 = $A2667
- Now $US1735 at $A0.67 = $A2590
Difference $A77/oz
Not huge & whilst inflation hasn't moved gold up (probably the contrary at the moment) with inflation now taking hold in the US (+9% last night) we may well see a re-rating of the golf price
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