Aussie Gold Soars to More Than A$1670 an Ounce
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The spot gold market opened about an hour ago (10am Sydney, Australia, time), and has added another couple of dollars to US$1192 an ounce.
This comes after a 3.5 percent gain overnight, and a 5 percnet rally the week before.
And the news keeps getting better for Australian producers.
With a foreign exchange rate of AUD / USD 0.708, this prices Aussie Gold at over A$1670 an ounce.
While producers have recently been getting a re-rating, interest is also expected to increase in explorers with pending results.
Source: (February 9, 2016) Proactive Investors
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