Aussie Gold Sits Above A$1770 an Ounce
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Spot gold has climbed 0.6 percent to US$1320 an ounce by 1pm Sydney, Australia, time.
Overnight in New York, gold for August delivery was softer as investors unwound some of their gold positions.
Gold though priced in Australian Dollars continues to shine brightly, and with the foreign exchange rate of AUD / USD 0.741, this puts gold in the local money above A$1770 an ounce.
Not to be forgotten is silver.
The metal is also higher at US$18 an ounce, which equates to well above A$24 an ounce.
Source: (June 29, 2016) Proactive Investors
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