Current Prices: Gold USD 2039.90/oz (AUD 3007.40) And Silver USD 25.80/oz (AUD 38.05)
Gold price surged 1.4% to a 1-year peak as economic worries mount. Spot gold was trading near $US2,040 an ounce at the US close. At the same time, Silver also rose 1.6% to a one-year high of $25.88 per ounce.
US share markets posted solid gains on Thursday. The Dow Jones index rose by 383 points or 1.1%. The S&P 500 index rose by 1.3%. And the Nasdaq index lifted by 237 points or 2.0%.
In US long-term government bond yields, 10-year treasury yields rose by 5 points to 3.45%. US 2-year treasury yields rose 1 point to 3.97%.
Major currencies were firmer against the US dollar in European and US trade. The Aussie dollar rose from US66.95 cents to US67.95 cents and was near US67.85 cents at the US close.
In US economic data, the producer price index fell by 0.5% in March -the most in three years (survey: flat). The annual growth rate fell from 4.9% to 2.7%. The core measure (excludes food and energy) fell by 0.1% in March (survey: +0.3%). Annual core inflation fell from 4.8% to 3.4%. Initial claims for unemployment insurance rose by 11,000 to 239,000 last week (survey: 232,000)
Australian gold prices decreased by 0.22% ($6.71 per oz) to AUD $3007.37 at the US close.
Australian silver prices decreased by 0.26% ($0.10 per oz) to AUD $38.05 at the US close.
Current Gold and Silver Ratio is 79.07
Current AUD/USD is 0.67832 (+1.29%)
Gold Price in AUD Chart
Silver Price in AUD Chart
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