Those regular news-reading-or-watching-people will know that the Australian dollar, and commodity (metal) prices, have been going pretty strongly in the most recent months. So I thought it would be interesting to see how the price of gold and silver has been going (my last price update was Dec10).
As at 21st April 2011:
1. Gold price in US$ for last 12 months
2. Gold price in A$ for last 12 months
3. A$ versus $US over the last 12 months … it’s obvious from the above charts that the cost of gold in US$ has increased dramatically in the most recent months; however it is pretty flat in A$; which is all because of the relative change in the exchange rate
For now, it’s a good thing that we can buy gold in Australian dollars!
Lastly, silver prices are still going utterly berserk (I couldn’t find any graphs in A$, so this is in US$) – compare it to the last post less than six months ago.