GOLD HOLDING STEADY IN A$

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).


Category: Market Movements