GOLD 0.51% $1,391.7 gold futures

gold, page-20111

  1. 7,702 Posts.
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    @Ophir - I think you're misreading. Yes, I do see the large %age rise, but USD 0.23c, in AUD is about 31.25 cents, which is exactly where it is today..and roughly where it closed yesterday, taking into account the ASUDUSD rate at the close of US trading. USD fell, so BDR up a bit. (My guess is the %age is a data error).
    With ASX stock listed in US (say, as ADR's etc, whatever),
    1) you always have to convert to AUD, using the currency of that moment;
    2) They TRACK - by definition - the foreign stock's (ASX.BDR, in this case) prior performance.
    ADR's etc are tracking stocks, an easy way for foreigners to buy stocks of other countries, without International trading accounts, international taxation complexity, etc...
    You can either take my word for it, or do your own independent research about ADR's etc (can start with the definition on NASDAQ, even tho this is not NASDAQ)
    Which is exactly where it is now on ASX:
 
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