Gold price US vs the AU

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Gold price US vs the AU

Post  deutran on Mon Dec 31, 2018 9:55 pm

Just looking at the current gold price in AU dollars over the last year its up about 9% which at first glance seems great.However looking at our Aussie dollars performance against the American its down by about the same amount in the last year.
So having seen this I looked at the value of gold in US dollars over the last year and its lost value by about -2%.I've always looked at the Gold price in AU dollars but realize now it can be very misleading.
deutran
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