This would be inline with a major market correction on the DJIA & NASDAQ which would effect the global economy.
Also factoring that the AUD/USD is been underpinned by China...it doesn't look to good with the China shadow banking.
If the China shadow banking crisis hits..you would expect the AUD/USD to fall therefore gold prices in AUD terms to be ($$$$$$$$$$)
Debt to GDP of China
Australia's reliance on exports to China
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