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Aussie Gold sits above A$1650 an ounce

Published: 12:00 10 Oct 2016 AEDT

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Spot gold has ticked 0.2% higher

With the Australian Dollar changing hands at AUD / USD 0.759, this prices Australian Dollar Gold at over A$1650 an ounce.

Even with the recent pullback in the price of gold, domestic Australian producers are still able to deliver some handsome margins, helped by lower fuel and labour costs.

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