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Aussie gold heads back to A$1700 an ounce

Thursday, March 03, 2016 by Proactive Investors

Over the past 30 days gold has gained 10%

Over the past 30 days gold has gained 10%

Spot gold is currently trading at higher at US$1241 an ounce, which follows on from a near 1% gain overnight in New York.

Over the past 30 days the metal has gained 10%.

With the foreign exchange rate of AUD / USD 0.728445, this prices gold at just shy of A$1700 an ounce.

The current price provides domestic producers with an opportunity to make some very handsome margins.

 

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