Current Prices: Gold USD 1926.11/oz (AUD 2878.27) And Silver USD 22.98/oz (AUD 34.34)
Gold price gains in thin holiday trade as investors seek more Fed cues. Spot gold increased by 0.23% and was trading near $US1,925.50 an ounce in afternoon North American trade. Spot silver also rose 0.21% to $22.94 an ounce.
US share markets were closed for the Independence Day public holiday.
US bonds market were closed for the Independence Day public holiday.
Currencies were mixed against the US dollar in European and North American trade. The Aussie dollar lifted from US66.51 cents to US67.04 cents and was near US66.95 cents in afternoon North American trade.
In economic data yesterday, the Reserve Bank of Australia (RBA) kept its cash rate at an 11-year high of 4.10% and saying it wanted more time to assess the impact of past hikes but reiterated its warning that further tightening might be needed to bring inflation to heel. Moving to the Fed, Investors see a nearly 86% chance of a 25-basis-point hike in July, according to CME’s Fedwatch tool.
Australian gold prices fell by 0.16% ($4.47 per oz) to AUD $2875.70 at the US close.
Australian silver prices fell by 0.14% ($0.05 per oz) to AUD $34.28 at the US close.
Current Gold and Silver Ratio is 83.87
Current AUD/USD is 0.66925
Gold Price in AUD Chart
Silver Price in AUD Chart
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