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Aussie Gold sits atop A$1700 an ounce

Thursday, February 25, 2016 by Proactive Investors

Aussie Gold sits atop A$1700 an ounce

Aussie Gold sits atop A$1700 an ounce

Electronic trading of gold has lifted in afternoon trade (2pm Sydney time, Australia), while at the same time the local currency has fallen, providing a duel benefit to domestic producers.

Spot last traded at US$1233 an ounce, and with the foreign exchange rate of AUD / USD 0.717, this prices Aussie Gold at circa A$1710 an ounce.

 

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