Tuesday, June 19, 2007

Australia Dollar Gains a Third Day, Near 18-Year High, as Gold Price Rises

(Bloomberg) -- The Australian dollar rose a third
day, approaching an 18-year high, as prices for metals exported
by the nation, including gold, climbed.

Gold futures for August delivery rose $4.80 to $664.70 an
ounce on the Comex division of the New York Mercantile Exchange
yesterday. The price has climbed 16 percent in the past year.
Gold is the third-biggest commodity export in Australia's A$1.02
trillion ($863 billion) economy.


Read more at Bloomberg Currencies News

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