My last update was just over 3 months ago. There’s a bit of economic and political instability … so what’s the effect on metal prices?
As at 4th June 2012:
1. Gold price in US$ for last 12 months
2. Gold price in A$ for last 12 months
It’s interesting that this isn’t as volatile recently as the US$ prices, and that’s of course due to the action of the A$/US$ exchange rate. The most recent spike in US$ is likely due to the economic panic around European countries, and the A$ reflects not only this but also a dip in the exchange rate.
3. Silver price in US$ for last 12 months
While this is in US$ (I cannot seem to find a graph for A$), the gold graphs above it would suggest to me that the silver price in A$ would be relatively stable too in recent months. Is this what you have noticed when you buy your silver supplies?