DEG 1.36% $1.23 de grey mining limited

Comparing USD prices for gold with Australian companies AUD...

  1. 342 Posts.
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    Comparing USD prices for gold with Australian companies AUD denominated costs is a mugs game. For Australian domiciled companies with onshore mines the bulk of their expenses are in Aussie dollars. For offshore buyers of Aussie stocks currency fluctations are not a big problem as the Aussie dollar floats according to the AUD/USD rate

    One AUD is quoted as $0.653 US now.

    Right now spot gold in AUD is $3,428.90.
    In USD that's $2,234.08.

    The nearby futures price however is US$2,254.80 or $3,452.98 AUD.
    All of these figures change minute to minute during trading hours.
    Last edited by The_Vet: Typo 29/03/24
 
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