GOLD 0.51% $1,391.7 gold futures

golds overnight movents down as predicted., page-3

  1. 405 Posts.
    Can everyone get in the real world???
    Gold has not gone down in the last 2 days in real $aud terms... 24 hrs ago 1 AUD bought 1.04 $us. It now buys 1.065 which represents roughly a 2.5% appreciation.
    If gold has fallen from 1820 odd dollars US an ounce to 1780 an ounce when you convert AUD to USD then back converting sale you are actually worse off!!
    2.5% of 1820 is about $45 so for that to marry up gold would have to be about 1775 an ounce in $us for it to be same price in $aud terms!!
    phil
 
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