Proactive Investors Australia delivers insights on global commodity markets, along with the impact on local market sectors.
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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