CAPITAL MARKETS

Aussie dollar gold approaches $2300/oz

Rise in gold and decline in the Australian dollar has local spot price back near record

 Image: iStock/Vitoria Holdings LLC

Image: iStock/Vitoria Holdings LLC

Gold in New York rose 0.5% to US$1577.10 an ounce, its highest close in six-and-a-half years as US stocks dropped 0.3%. The Australian dollar lost more than 1.1% to 68.62c. Australian dollar spot...

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