Proactive Investors Australia delivers insights on global commodity markets, along with the impact on local market sectors.
Gold is the shining sector currently on volatile global equity markets, with this especially evident for Australian gold producers and explorers.
Spot gold last traded at US$1209 an ounce (1pm Sydney, Australia, time).
But when priced in the local money and taking into account the foreign exchange rate of AUD / USD 0.71244, this prices gold in Australian Dollars at A$1690 an ounce.
Australian gold producers currently have the triple benefit of the rising price of gold, while costs of fuel and labour are falling.
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