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HOT IN 2015: Australian producers will welcome a drastic improvement in the Australian dollar price of gold.

Golden dawn for local miners

Western Australian gold producers are enjoying a bright start to 2015 as the domestic price of the precious metal surges higher.

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Comments

Lowden WA
The gold price, like the oil price is at the mercy of large hedge funds who can manipulate the price to their own advantage through trading gold futures without ever having to put up the physical gold to match their bet. The demand and supply equation can be thrown out the window now as we are at the mercy of traders who can by sheer volume of funds they have under their control affect the price of these commodities to their own advantage. So trying to make a case for whether or not these commodities will go up or down in the future is pointless.

Perth
Hi George, Thanks for taking the time to comment. It's definitely difficult to forecast commodity prices, or prices of any financial instrument. I wouldn't try to forecast, but I am trying to analyze the recent trend and comparing that to long term price fluctuations - hopefully it puts some context around how gold miners have had a recent resurgence! Best, Matt

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