AUS$ gold price remains msotly unmoved, most of the US$ gold price rise has been offset by a falling US$. Gains to other currencies have been minimal and as a result australian gold companies and explorers along with rising costs are loosing out to US based gold companies
Fairly basic and self explantory same reason why we arent paying $2.50 a litre for petrol , the rising AUS$ offsets the US$ price rises
gold companys floundering, page-3
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