Insights and views into the gold market from Michael O'Kane at New Zealand Mint.
Thursday, 7 May 2009
update Thursday 07 May
Gold price in NZD And USD daily average
A busy night - with the gold price bouncing back over USD$900, but offset by a similar increase in the NZDUSD cross rate. The big story at the moment is the bank stress tests, with the news being positive or negative depending upon your location.
Gold closes higher on thoughts of inflation ahead
Dollar Falls Further Versus Resurgent Resource-Linked Currencies
What investors need to know about the stress tests