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Gold Price Discussion
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<blockquote data-quote="user 4386" data-source="post: 493397" data-attributes="member: 4386"><p>Gold has moved little in the last six months, it has been about $US1310 plus/minus 30 dollars (its price is set in American dollars). Most of the movement in the $A price of gold is our crashing dollar, which has been in steady decline relative to the $US over that time. So - good if you have some in Australia and only want Australian dollars when you sell - but it does not say there is any significant fundamental change in the gold price (demand etc).</p><p></p><p>However, with Trump at the helm, watch this space.....</p></blockquote><p></p>
[QUOTE="user 4386, post: 493397, member: 4386"] Gold has moved little in the last six months, it has been about $US1310 plus/minus 30 dollars (its price is set in American dollars). Most of the movement in the $A price of gold is our crashing dollar, which has been in steady decline relative to the $US over that time. So - good if you have some in Australia and only want Australian dollars when you sell - but it does not say there is any significant fundamental change in the gold price (demand etc). However, with Trump at the helm, watch this space..... [/QUOTE]
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