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Victoria's 1800s gold rush plots a renaissance as price hits $2000 an ounce

From smh.com.au

It's about 170-years-old and has already unearthed almost $150 billion of gold, but the Victorian gold industry is undergoing something of a renaissance. More gold is being produced, more companies are exploring for the precious metal and more ground is about to be opened up for further exploration. On Thursday the Australian dollar price for gold broke through the $2000 per ounce mark for the first time on record, and commodity experts believe it could keep pushing higher. Trade tensions and other geopolitical risks are supporting the gold price, with the Australian dollar spot gold price rising a further $8 to ... (full story)

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  • Category: Fundamental Analysis