Re: AUD down !
gold has been rising in recent days because of the ukraine crisis
but generally even if it falls the large miners like barrick ,kinross ,goldcorp these have significantly lower production cost per ounce.barrick is nearly $750 per ounce ,its the smaller miners that get hit the most and go for consolidation
for the Aus dol I am not sure if the short term outlook is good because it relies too much on chinese mining demand and with low chinese export data although it could be due to last year's distortion but might lead to a bit more fall in AUS
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