Home News and Views GOLD HOLDING STEADY IN A$

GOLD HOLDING STEADY IN A$

Submited by andrew on Sat, 07/04/2007

Despite the rise in the price of gold,
silver, platinum and palladium in US$, we haven't seen a similar rise
in A$ here. The relative strength of interest rates here in Australia
seems to be pushing the A$ ever higher relative to the US$, as this
situation doesn't seem to be about to change any time soon. Barring a
dramatic increase in the US$ price of gold, I see A$ gold remaining
fairly stable for the short to medium term, which is probably an A$800
to A$850 range for a few months at least (most likely A$820 to A$840).

Bookmark/Search this post with:
  • Delicious
  • Digg
  • StumbleUpon
  • Propeller
  • Reddit
  • Magnoliacom
  • Newsvine
  • Furl
  • Facebook
  • Google
  • Yahoo
  • Technorati
categories [ Tags: ]

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.