Insights and views into the gold market from Michael O'Kane at New Zealand Mint.
Thursday, 30 April 2009
Gold price daily in NZD$
A small rally overnight due to a weakening in the USD$. WHO have updated their level to 5 of 6 for the Swine flu pandemic. This may start to affect markets shortly.
OCR announcement this morning: the predicted 0.5% drop - having an immediate effect, dropping the NZD$ by nearly a cent.