Out of curiosity, I tried a different exchange rates of AUD/USD on GMD profitability and therefore impact of its valuation and the result is that as long as AUD/USD does not exceed US$1.08, GMD SP will stay at ~$10 (obviously all things being equal).
Agrees with you that the AUD/USD exchange rate is one of the few crucial factors that affects GMD bottom line and therefore its SP. However I think there are a few mitigating factors that may help to prevent AUD/USD from rising too much (however these are negatives on gold price in the short term but positives in the medium/long term!!).
1) US In-shoring
2) US Budget deficit
3) De-dollarisation
All of the above have short-term impact of keeping USD exchange rate high which is negative to rise of gold price! In the medium/long term, they will cause inflation which is good for gold. Confusing and conflicting factors!
Suffice to say that I strongly agrees with you that most factors are locked in for a pretty good run of gold price.
Cheers.
Out of curiosity, I tried a different exchange rates of AUD/USD...
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Last
$2.30 |
Change
0.000(0.00%) |
Mkt cap ! $2.595B | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.34 | $2.26 | $12.45M | 5.404M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 97256 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 61077 | 4 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| GMD (ASX) Chart |