Friday, August 5, 2011

Gold hits new all time in Aussie dollars


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Gold hit an all time high in AUD in turbulent overnight trading as the gold price hit a intra-day high of AUD$1590/oz before closing at $1571 on the COMEX. Price rises in AUD have been exacerbated by a falling USD:AUD exchange rate which has crashed from near $1.11 to under $1.05 in recent days.

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